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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Define marginal cost.
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Answer

Marginal cost is addition to total cost when output is increased by one unit. It is the difference between $TC_n$​​​​​​​ and $TC_{n-1.}​​​​​​​$​​​​​​​

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