Answer-The Marginal cost of production of a commodity is

The marginal cost of production is the change in total cost that comes from making or producing one additional item. The purpose of analyzing marginal cost is to determine at what point of organization can achieve a economies of scale.

Question

The Marginal cost of production of a commodity

A the cost that the firm could have incurred when a different technique was adopted

B the change in total cost that comes from making or producing one additional item.

C the next best alternative output scarified.

D the cost that a firm could have incurred under a different method of production

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The Marginal cost of production of a commodity

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