Economy, asked by sandeepsoren2764, 1 year ago

Why are marginal costs (mc) u shaped (or shaped like the nike swoosh) in the short run

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Answered by kirti222
3

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marginal cost. The increase or decrease in the total cost of a production run for making one additional unit of an item. ... Marginal costs are variable costs consisting of labor and material costs, plus an estimated portion of fixed costs (such as administration overheads and selling expenses).

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