Define marginal cost. Explain its relation with average cost

      

Define marginal cost. Explain its relation with average cost

  

Answers


marlyne
MC is addition to TC on producing one more unit of output.
When MC less than AC, AC falls.
When MC greater than AC, AC rises.
When MC = AC, AC is minimum and constant.
marlinbito answered the question on May 12, 2018 at 12:48


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