Current Affairs · Microeconomics
Identify the correct definition of Long Run Marginal Cost (LRMC) from the following.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The change in total expense per unit of change in input.
- 2The change in average expense per unit of change in output.
- 3The change in total cost per unit of change in output.✓
- 4The change in marginal cost per unit of change in input.
Correct answer
The change in total cost per unit of change in output.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Microeconomics MCQs →Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Microeconomics