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Marginal cost is


Question

Marginal cost is

Options

A)
Lowest cost of producing goods
B)
The cost of production of the most efficient firm in the industry
C)
Cost of production of the most inefficient firm in the industry
D)
The cost of production of the last or extra unit of goods produced by a firm
E)
The cost of production at which the minimum profit is obtained by a firm

The correct answer is D.


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