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Total cost rises from Rs 38 to Rs 44 as output rises from 2 to 3 units. What is marginal cost of the third unit?
ARs 44
BRs 6
CRs 14.7
DRs 38
Answer & Solution
Correct answer: B. Rs 6
Marginal cost is the change in total cost for one extra unit, 44 - 38 = 6.
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