MARGINAL COST is a calculation showing the change in total cost as a result of a change in volume, e. G. If one more item of output increases the total cost by $25, the marginal cost is $25. It is usually useful to determine marginal cost because it can aid in determining if the rate of production should be altered.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). marginal cost. Retrieved September 24, 2026, from http://smartdefine.org/marginal_cost/definitions/1157768 |
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