write about the behaviour of marginal cost - Economics - Production and Costs

Question

write about the behaviour of marginal cost

Shruti Mishra · Accepted Answer

Dear Student, Marginal Cost refers to the change in total cost or total variable cost by changing one unit of output

∆TVC = Change in TVC ∆Q = Change in output

Behaviour of marginal cost :- As output rises, Initially MC falls, then MC become minimum and finally MC rises Regards

write about the behaviour of marginal cost.