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

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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
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