Question 0

Marginal cost is

  • 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
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1978
Question no.
#0
Type
Objective

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