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How Can I Find Out Marginal Cost In Simple Way ?

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    Marginal cost refers to the cost that is associated with change in total cost as a result of increase of one unit in the quantity produced. The mathematical formula for finding marginal cost is as follows:


    MC= dTC/dQ
    where MC = Marginal cost,
    dTC = is the change in total cost
    dQ  = is the change in total quantity
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    Aicha 

    answered 2 years ago

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