write about the behaviour of marginal cost.
Dear Student,
Marginal Cost refers to the change in total cost or total variable cost by changing one unit of output.
Behaviour of marginal cost :- As output rises, Initially MC falls, then MC become minimum and finally MC rises.
Regards
Marginal Cost refers to the change in total cost or total variable cost by changing one unit of output.
Behaviour of marginal cost :- As output rises, Initially MC falls, then MC become minimum and finally MC rises.
Regards