Question

which formula is used for getting marginal cost and average cost​

Answer 1

Answer:

In economics, the marginal cost of production is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity.

Answer 2

Explanation:

Marginal Cost = (Change in Costs) / (Change in Quantity)

This produces a dollar amount for each additional unit of a product that is produced. The change in costs will greatly depend on the scale of production that is already in place.