Tag Archives | Average and Marginal and Total Cost

Basically, we are focusing on two relationships: 1. Relation between Average Cost and Marginal Cost, and 2. Relation between Total Cost and Marginal Cost. Details are as under: 1. Relation between Average Cost and Marginal Cost: Relation between average cost and marginal cost is explained through Table 8 and Fig. 9. Table 8 and Fig. 9 offer the following observations [...]