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Marginal cost is
Question 1
Report
Marginal cost is
Lowest cost of producing goods
The cost of production of the most efficient firm in the industry
Cost of production of the most inefficient firm in the industry
The cost of production of the last or extra unit of goods produced by a firm
The cost of production at which the minimum profit is obtained by a firm
Answer Details
Read lesson note on The Theory Of Supply (JAMB)
Read lesson note on Theory Of Costs (JAMB)
Read lesson note on Theory Of Production (WAEC)
The Theory Of Supply
Theory Of Costs
Theory Of Production
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