Choose the Correct Alternative from Given Options: Which of the Following Formula is Correct for Calculating Marginal Cost? - Economics

Advertisement
Advertisement
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

Advertisement

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?
2018-2019 (March) 58/1/1
Share
Notifications



      Forgot password?
Use app×