Q. 15.0( 3 Votes )

If it is given th

Answer :

TVC (u=15) = 3000

TVC (u=16) = 3500

MC = TCn-TCn-1

= TVCn-TVCn-1

= 3500 – 3000 = 500


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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