Marginal cost is the cost
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A The lowest cost of producing goods
- B The cost of production of the most efficient
firm in an industry - C The cost of production of the most
inefficient firm in an industry - D The cost of production of the last unit of goods produced by a firm
- E The cost of production at which minimum profit is obtained by the firm
Correct Answer: Option D
Explanation:
Share question on: