[Answer] What is the best definition of marginal cost?

Answer: the price of producing one additional unit of a good

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What is the best definition of marginal cost? What Is the Connection between Marginal Cost and Marginal ... How is marginal revenue related to the marginal cost of production? What Is the Connection between Marginal Cost and Marginal ... The Relationship Between Marginal Revenue & Marginal Costs What is the best definition of marginal cost ? the price of producing one additional unit of a good in order to calculate marginal cost producers must compare the difference in the cost of producing one unit to the cost of Marginal cost is defined as an additional cost of manufacturing one unit output of the product or service . It is analyzed in order to determine the point at which … Definition: Marginal cost is the additional cost incurred for the production of an additional unit of output . The formula is calculated by dividing the change in … Marginal cost - definition Marginal cost is the additional cost incurred in the production of one more unit of a good or service . It is derived from the variable cost of production given that fixed costs do not change as output changes hence no additional fixed cos... Answer and Explanation: Marginal cost is the cost of producing an additional good or service . Total cost in economics is comprised of both fixed and variable costs fixed being costs that don't differ by quantity such as rent on a building and variable costs depend … The marginal cost refers to the expense of produc...

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