Question

what is marginal cost in economics class 11​

Answer 1

Explanation:

here's your answer

• The cost incurred on additional unit of output is known as Marginal cost. (a) As we know the shape of MC depends on the shape of TVC or TC. ... (b) Initially, TVC increases at a diminishing rate (Total Product increases at Increasing rate), which makes the gap of TVC, i.e. MC to fall.

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Answer 2

Explanation:

In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

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