What is Total cost, Average cost and Marginal cost? Explain the relationship between Average cost and Marginal cost.
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Explanation:
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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it is the variety of crops grown all over the country by the availability of food grains at the country level
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