Marginal Costs are the costs necessary to manufacture or provide an additional unit of output (goods, service).
They can be expressed as:
MC = ΔC / ΔX
Where:
- MC - marginal costs;
- ΔC - change in total costs;
- ΔX - change in total outputs
Marginal Costs are the costs necessary to manufacture or provide an additional unit of output (goods, service).
They can be expressed as:
MC = ΔC / ΔX
Where:
Related terms and methods:
Related discipline:
Related management field:
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