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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST2 Marks
Question
Marginal cost includes both fixed cost and variable cost. Comment.
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Answer

No. Marginal cost is only variable cost, it does not include fixed cost. Because, marginal cost is additional cost and additional cost cannot be fixed cost.

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