Question : Which of the following cost is related to marginal cost ?
Option 1: Variable cost .
Option 2: Implicit cost
Option 3: Prime cost .
Option 4: Fixed cost .
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Variable cost .
Solution : The correct option is Variable cost.
Variable costs are expenses that change with the level of production, such as the cost of raw materials in a bakery. Marginal cost, on the other hand, represents the additional cost of producing one more unit and is calculated by dividing the change in total cost by the change in quantity. In the short run, where fixed costs remain constant, marginal cost is heavily influenced by variable costs. This is because any change in cost is primarily due to variations in these expenses.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Equilibrium out is determined by:
Question : Direction: Which one of the given responses is the meaningful order of the following?
1. Fruit 2. Pollen 3. Corolla 4. Stamen
1. Infancy 2. Adult 3. Puberty 4. Childhood
Question : If the ___ firm has zero or only a fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
1. Police 2. Punishment 3. Crime 4. Judge
5. Judgment
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile