What are the Relationship between Total cost(TC) and marginal cost (M – InterviewSolution

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1.

What are the Relationship between Total cost(TC) and marginal cost (MC) ?

Answer»

1. When the TC rises at a diminishing rate, the MC declines.

2. When the rate of increase in TC stops, the MC is at its minimum.

3. When the rate of increase in TC starts rising, the MC is increasing.

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