Question

Net addition made to total cost of production.​

Answer 1

Hi Mate,

The addition to total cost by producing an additional unit of output by a firm is called marginal cost. Average cost is the total cost of producing a given output divided by that output.

hope it will helps you ✌️

Answer 2

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Net addition made to total cost of production.

❇ Answer ⬇

▶The addition to total cost by producing an additional unit of output by a firm is called marginal cost.

▶Average cost is the total cost of producing a given output divided by that output.

Thank you.