What Is MC and AC?

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Solution

Marginal cost is defined as the extra cost that is incurred to produce one additional unit of output. Average cost is defined as the total cost per unit of output.

Also read:

How to Calculate Total Variable Cost

Long Run Costs

Marginal Cost Formula

Total Cost Formula

Fixed Cost Vs Variable Cost

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C = a + b x + c x^{2}

\frac{d}{d x} (A C) = \frac{1}{x} (M C - A C)

△ A B C, m ∠ B = 90^{o}, ¯ ¯¯¯¯¯¯¯¯ ¯ B M ⊥ ¯ ¯¯¯¯¯¯ ¯ A C, M \in A C

A M - M C = 7

{A B}^{2} - {B C}^{2} = 175

A C

Δ

∠

= 90

¯ ¯¯¯¯¯¯¯¯ ¯ B M ⊥ ¯ ¯¯¯¯¯¯ ¯ A C

M \in ¯ ¯¯¯¯¯¯ ¯ A C

-

= 7

A B^{2} - B C^{2} = 175

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