Marginal Cost

The additional cost that the firm incurs from producing an additional unit of output.

For example, suppose Bob owns a restaurant where his specialty is burgers. If it costs him U.S. $1000 to produce 100 burgers and U.S. $1020 to produce 101 burgers, then the marginal cost of the 101st burger is U.S. $20.
Log in

Log in
Create a new account
Retreive password
Registration






We respect your privacy, and will not share your information with third parties.
Register
go back to
log in
Click button below to subscribe for one month:

Click button below to subscribe for one year:

Forgot password

Send
go back to
log in
OK