Answer :
TVC (u=15) = 3000
TVC (u=16) = 3500
MC = TCn-TCn-1
= TVCn-TVCn-1
= 3500 – 3000 = 500
Explanation
Marginal cost (MC) is the change in total cost when an additional unit of output is produced. It is the slope of the total cost curve. Since fixed cost (TFC) is constant in the short run and the change in TC is brought about variable cost (TVC), MC can be computed as the difference between the variable cost.
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