EconomicsTheory of costs and revenueWAEC
If a firm's total cost of producing 10 units is ₦500 and of producing 11 units is ₦540, the marginal cost of the 11th unit is
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Answer: C. ₦40
MC = 540 − 500 = ₦40.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.