Economics · Theory of Cost
Marginal Cost (MC) can be mathematically written as:
- 1Marginal Cost = Δ Quantity × Δ Fixed Cost
- 2Marginal Cost = Δ QuantityΔ Total Cost
- 3Marginal Cost = Δ Total Cost × Δ Quantity
- 4Marginal Cost = Δ Total CostΔ Quantity✓
Correct answer
Marginal Cost = Δ Total CostΔ Quantity
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