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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
Which of the following formula is correct for calculating Marginal Cost?
  • A
    $\text{MC}_\text{n}=\text{TFC}_\text{n}-\text{TFC}_{\text{n}-1}$
  • B
    $\text{MC}_\text{n}=\text{AC}_\text{n}-\text{AC}_{\text{n}-1}$
  • C
    $\text{MC}_\text{n}=\text{AUC}_\text{n}-\text{AVC}_{\text{n}-1}$
  • ✓
    $\text{MC}_\text{n}=\text{TC}_\text{n}-\text{TC}_{\text{n}-1}$
✓

Answer

Correct option: D.
$\text{MC}_\text{n}=\text{TC}_\text{n}-\text{TC}_{\text{n}-1}$

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