A 9-pack of plastic cups costs $7.83. What is the unit price?
1 answer:
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Answer:
Marginal cost refers to the increase or decrease in the cost of producing one more unit or serving one more customer.
Step-by-step explanation:
Definition: Marginal cost is the additional cost incurred for the production of an additional unit of output. The formula is calculated by :
Marginal Cost = (Change in the total cost)/(Change in the product output)