Marginal cost is?
ECONOMICS
JAMB 2022
Marginal cost is?
- A. the lowest cost of producing goods
- B. the cost of production of the most efficient firm in an industry
- C. the cost of production of the most inefficient firm in an industry
- D. the cost of production of the last or extra unit of goods produced by a firm
Correct Answer: D. the cost of production of the last or extra unit of goods produced by a firm
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *