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Marginal cost is addition to the total cost when who an additional unit of a commodity is
Sold
Produced
Employed
Consumed
- Option 1: Sold
- Selling an additional unit doesn't impact the production cost directly. It is more about revenue generation.
- Option 2: Produced
- Marginal Cost refers to the additional cost incurred when producing one more unit of a product.
- It helps in decision-making regarding production levels.
- Option 3: Employed
- Hiring an additional employee doesn't directly refer to the production of goods. It relates to labor costs and workforce management.
- Option 4: Consumed
- Consumption is related to the usage of goods or services, not the cost of creating them.
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