Marginal cost is defined as the change in ________ cost when output changes by one unit. In the short run, marginal cost can also be measured by the change in ________ cost when output changes by one unit.
Business · High School · Mon Jan 18 2021
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Marginal cost is defined as the change in total cost when output changes by one unit. In the short run, marginal cost can also be measured by the change in variable cost when output changes by one unit.