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प्रश्न
How is TVC derived from MC?
लघु उत्तरीय
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उत्तर
To calculate Total Variable Cost (TVC) from Marginal Cost (MC), we add (sum) the marginal costs for each unit of output. This is because marginal cost refers to the additional cost of generating one more unit of output.
TVCn = MC1 + MC2 + ⋯ + MCn
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