MCQ
Choose the correct alternative from given options:
Which of the following formula is correct for calculating marginal cost?
Options
MCN = TFCn – TFCN – 1
MCN = ACN – ACN – 1
MCN = AVCN – AVCn – 1
MCN = TCn – TCN – 1
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Solution
The correct formula of calculating marginal cost is MCn = TCn – TCn – 1.
Hence, the correct answer is option MCN = TCn – TCN – 1.
Concept: Cost - Marginal Cost
Is there an error in this question or solution?
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