Which of the following is TRUE of Marginal cost? - SchoolNGR

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Which of the following is TRUE of Marginal cost?

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Which of the following is TRUE of Marginal cost?

A. It is a cost incurred by the firm on variable inputs
B. It is the cost of producing one extra unit of a commodity at any output level
C. It is the sum of the fixed cost and variable cost
D. It is referred to as overhead cost

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