AdmitMe
Economics · Theory of costs and revenue

EconomicsTheory of costs and revenueJAMB

Total cost rises from ₦200 to ₦260 when output rises from 10 to 12 units. Find the marginal cost per unit.

Show answer

Answer: B. ₦30

MC = ΔTC ÷ ΔQ = 60 ÷ 2 = ₦30.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

Practise Theory of costs and revenueA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Theory of costs and revenue questions