If it is given that the total variable ...

If it is given that the total variable cost for producing 15 units of output is `₹ 3,000` and for 16 units is ` 3,500`. Find the value of Marginal Cost.

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`MC_(n) = TVC_(n)- TVC_(n-1), TVC_(16) - TVC_(15) = ₹ 3,500 - ₹ 3,000 = ₹ 500`.

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