Which of the following explains marginal cost?
ECONOMICS
WAEC 1995
Which of the following explains marginal cost?
- A. Overhead cost plus variable cost resulting from production
- B. the average cost of producing more units of the products
- C. The extra cost of producing more units of products
- D. The additional to total cost resulting from the production of an additional unit
Correct Answer: D. The additional to total cost resulting from the production of an additional unit
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