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21 December, 08:32

In order to calculate marginal cost, producers must compare the difference in the cost of produci

o purchasing a unit.

distributing that unit.

producing the next unit.

producing a different unit.

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  1. 21 December, 08:43
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    Full question:

    In order to calculate marginal cost, producers must compare the difference in the cost of producing one unit to the cost of

    Answer:

    In order to calculate marginal cost, producers must compare the difference in the cost of producing one unit to the cost of producing the next unit.

    Explanation:

    The marginal cost of production estimates the difference in the cumulative value of a good that emanates from producing one added unit of such good. Marginal cost renders the incremental costs acquired when manufacturing extra units of a good.

    It is determined by practicing the cumulative variation in the price of manufacturing added goods and dividing that by the difference in the quantity of goods produced. The marginal costs of making may vary as composition potential modifications. The thought of marginal cost is notably influential in the financial system because it is unitedness of the support of profit maximization.
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