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What is Marginal Costs
Marginal Costs are the costs necessary to manufacture or provide an additional unit of output (product, service).

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

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Last update: 15.11.2016

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