Marginal Cost refers to :
A) Cost per unit of output
B) Sum of Total Fixed Cost and Total Variable Cost
C) Total Cost minus Total Variable Cost
D) Addition to the Total Variable Cost caused by producing an extra unit of output.
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Marginal cost (MC) is calculated by taking the change in total cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping. Average total cost (sometimes referred to simply as average cost) is total cost divided by the quantity of output.
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