Economy, asked by ichanpukhrambam32, 6 months ago

state the relationship between average cost and marginal cost?

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Answered by Anonymous

7

The various points of relationship between average cost and marginal cost are given below: Both average cost and marginal cost are derived from total cost. 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 !!

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