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Thursday, 11 June 2026
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Marginal cost refers to:

Marginal cost refers to:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Fixed production cost
  • B Total production cost
  • C Cost of extra unit
  • D Revenue per output
Correct Answer: Option C
Explanation:
Marginal cost measures additional cost incurred from producing one extra unit of output.

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