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Difference between AC nd MC

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Difference between AC nd MC

Posted by Ritika Chhabra 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Marginal cost considered all costs it cannot separate between Variable cost and Fixed cost. Fixed cost remains constant up to a certain level of production. AC = TC (FC+VC) Divided by the Total number of units manufactured. MC = Change TC Divided by change in the Total number of units manufactured.

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