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Explain what we mean by marginal cost

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Answer:

So it's basically the cost added by producing one extra unit of a product or service. I hoped this helped and if you need a better explanation let me know!

User Josien
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Answer: Marginal cost is the added cost to produce an additional good or the increase in production costs generated by the production of additional product units

Step-by-step explanation: It is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced.

User Ytrewq
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