Economy, asked by kingboy28, 4 months ago

state the importance of marginal cost , average cost , fixed cost, and variable cost

Answers

Answered by ankushs

2

Explanation:

The amount of marginal cost varies according to the volume of the goods being produced. ... A company with greater fixed costs compared to variable costs may achieve higher margins as production increases since revenues increase but the costs will not. However, the margins may also reduce if production decreases

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