Answer: Option (i) is correct.
Explanation:
Correct option: Change in total cost divided by change in quantity produced.
Marginal cost referred to the cost of producing an additional unit of a commodity. Marginal cost is calculated by differentiating the total cost function with respect to quantity.
Alternatively, marginal cost is equal to the change in the total cost divided by the change in quantity produced.
Marginal cost = [tex]\frac{dC}{dQ}[/tex]
