PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2014

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27.

Marginal cost can be defined as:

A: The difference between average total cost and average variable cost
B: The cost per unit when the firm is operating at capacity
C: The change in total cost resulting from an additional unit of output
D: The change in fixed CO$tresulting from an additional unit of output

The answer is: C