Economy, asked by rajdwivedi60, 10 months ago

relation between averge cost nd marginal cost ?

Answers

Answered by ashish110027

Answer:

Average cost is obtained by dividing total cost by the number of units produced. Marginal cost is the cost of producing one additional unit of output. The total cost, in this reference, is the sum total of the total fixed cost plus total variable cost at a given level of output.

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