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in Concept of Production by (56.2k points)

Marginal cost is defined as : 

(a) the change in total cost due to a one-unit change in output 

(b) total cost divided by output 

(c) the change in output due to a one-unit change in an input 

(d) total product divided by the quantity of input

1 Answer

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Best answer

(a) the change in total cost due to a one-unit change in output

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