Economy, asked by ashutoshpathak35, 1 year ago

properties of MC curve

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Answered by sheenabal79pe3n14
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A short-run marginal cost curve graphically represents the relation between marginal (i.e., incremental) cost incurred by a firm in the short-run production of a good or service and the quantity of output produced. ... Thus marginal cost initially falls, reaches a minimum value and then increases.

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