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Cost Of Production and Concept of Revenue — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsCost Of Production and Concept of Revenue1 Mark
Question
Give formula of Marginal cost.
✓

Answer

Marginal Cost $(MCn) = Tcn – Tc(n-1)$,
Here, $n =$ no. of units produced and $Tc =$ Total cost.

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