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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
What is meant by marginal cost?
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Answer

Marginal cost is addition made to the total cost when an additional unit of a commodity is produced. Symbolically, $\text{MC}_\text{n}=\text{TC}_\text{n}-\text{TC}_{\text{n}-1}$

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