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Marginal cost could be described as as the 

Agricultural Science
WAEC 2024

Marginal cost could be described as as the 

  • A. change in total cost of output
  • B. product of average variable cost and the number of fruits produced
  • C. increase in fixed cost of that results from increasing production by one unit
  • D. average physical product mutiplied by the variable cost
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Correct Answer: Option A
Explanation

Marginal cost is the additional cost incurred by producing more than one more unit of a good or service. 

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