Marginal cost group is know as Rises as a direct result of diminishing marginal returns
The correct answer is A
The expense incurred when producing an additional good is known as the marginal cost. Let's use the figure of $100 for the cost of producing 100 automobile tires. Costing $80 to produce one more tire. The price incurred to produce one extra unit of a good or service is the marginal cost,
When and where was marginal costing used?
Calculating profitability at various levels of sales and production is made easier with the help of marginal costing, which is also useful for profit planning. It can be helpful when deciding whether to make or buy, decide whether to export, and establish the selling price. Marginal costing methods like break even analysis and P/V ratio are helpful.
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The correct question is :
Marginal Cost
a.) Rises as a direct result of diminishing marginal returns
b.) Falls whenever marginal physical product decreases
c.) Falls in the short run because some resources are fixed
d.) Rises whenever marginal revenue product rises.