Give economic term : The net addition made to total cost by producing one more unit of output.
Q.1 (B) (ii) Give economic term : The net addition made to total cost by producing one more unit of output.
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Answer: Marginal Cost (MC)
Marginal cost is the addition to total cost when one more unit is produced: \(MC_n = TC_n - TC_{n-1}\).
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· 29 Oct 2026
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