Business Studies, asked by rajuanvoju5562, 1 year ago

How to find total cost if marginal cost is given?

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Answered by Anonymous
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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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