PRC-2 · Chapter 5 · Question 39 of 50
In business applications, 'Marginal Cost' (MC) is mathematically defined as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The first derivative of the Total Cost function [d(TC)/dx].
Explanation
Marginal cost represents the rate at which total cost changes as one additional unit is produced.
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