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प्रश्न
Give economic term:
Net addition made to the total cost by producing one more unit of output.
उत्तर
Marginal Cost (MC)
Explanation:
Marginal cost is the change in total cost that arises when the quantity produced increases by one unit. It's crucial for determining the optimal level of production, where it's often used to decide whether to increase or decrease production levels.
संबंधित प्रश्न
Give economic terms:
The cost incurred on fixed factor.
Give economic terms:
The cost incurred per unit of output.
Give economic term:
Net addition made to the total cost of production.
Explain the concept of total cost and total revenue.
Find the odd word
Cost concepts -
Net addition made to total cost by producing one more unit of output is ______.
Distinguish Between
Total cost and Total revenue
The cost incurred by the firm to promote sales ______
Give an economic term:
The cost incurred on raw material.
Identify and explain the concept from the given illustration:
Hritik paid an additional cost of ₹75 for manufacturing an additional unit of glassware.
Define the term 'cost'.
What is meant by research and development costs?
