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The additional cost incurred by producing an additional unit of output is known as

The additional cost incurred by producing an additional unit of output is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Fixed cost
  • B Total cost
  • C Average cost
  • D Marginal cost
Correct Answer: Option D
Explanation:
Marginal cost is the additional cost incurred in the production of one more unit of a good or service.

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