How to find total cost if marginal cost is given?
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Q.How to find total cost if marginal cost is given?
Answer:-
☆Marginal cost is the increase or decrease in totalproduction cost .
☆The formula to obtain the marginal cost is change incosts/change in quantity.
☆If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit.
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☆==================☆
Here is your answer
☆==================☆
------------------------------------------
Q.How to find total cost if marginal cost is given?
Answer:-
☆Marginal cost is the increase or decrease in totalproduction cost .
☆The formula to obtain the marginal cost is change incosts/change in quantity.
☆If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit.
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☆==================☆
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