What is MC in economics 2024?
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Works at the World Health Organization, Lives in Geneva, Switzerland.
In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.
2023-05-09 14:35:19
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Benjamin Davis
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In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.