What is the full form of "MC"?
A. Marketing Cost
B. Marginal Cash
C. Marketing Control
D. Marginal cost
Answer: Option D
Solution(By Examveda Team)
Marginal cost is the additional cost incurred in the production of one more unit of a good or service. It is derived from the variable cost of production, given that fixed costs do not change as output changes, hence no additional fixed cost is incurred in producing another unit of a good or service once production has already started.Related Questions on Business Abbreviations
What is the full form of "B2C"?
A. Business Consortium
B. Bank to Consumer
C. Banking to Commodity
D. Business to Consumer
What is the full form of "SEBI"?
A. Sales Exchange Board of India
B. Sales Enterprise Business Inflation
C. Security Board of India
D. Securities and Exchange Board of India
What is the full form of "PLR"?
A. Profit Lending Rate
B. Prime Lending Rate
C. Private Lending Ratio
D. Profit Liability Return
What is the full form of "OPEC"?
A. Organisation of Petroleum Exporting Countries
B. Average Annual Growth Rate
C. Sensitivity Index
D. Indian Oil Corporation
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