In economics and finance, marginal cost is the change in the total cost that arises when the quantity produced has an increment by unit. That is, it is the cost of producing one more unit of a good. In general terms, marginal cost at each level of production includes any additional costs required to produce the next unit. For example, if producing...
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The increase in total costs as a result of producing one extra unit of output....
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The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.
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(from the article `cost`) An aspect of cost important in economic analysis is marginal cost, or the addition to the total cost resulting from the production of an additional ... Econometric analysis has refuted some assumptions in cost theory. Work in the field of cost functions, for example, originally tested the theory that ... ......
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The increase or decrease in a firm`s total cost of production as a result of changing production by one unit.
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The cost of producing one additional unit of a product.
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the increase [decrease] in total cost within a specified period (e.g., peak, winter day, summer day, night), resulting from the addition [subtraction] of one unit (kilowatt or kilowatthour) to the quantity supplied in that period
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The amount spent on producing one extra unit. The marginal cost is the increase in total cost when one more unit is produced.
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Or contribution cost for a business, the cost of producing an extra unit of output. For example, if a bakery increased its production from 10,000 loaves a day to 11,000 loaves a day, and its costs...
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The increase or decrease in a firm's total cost of production as a result of changing production by
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The extra cost incurred of adding one more unit of input to the production process.
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The marginal cost, or incremental cost, of one extra unit of production. Such costs are in contrast... <a target=_blank href='http://www.finance-glossary.com/terms/marginal-cost.htm?id=12781&ginPtrCode=00000&PopupMode=false' title='Read full definition of marginal cost'>more</a>
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[
n] - the increase or decrease in costs as a result of one more or one less unit of output
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incremental cost noun the increase or decrease in costs as a result of one more or one less unit of output
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The cost of producing one additional unit of a product.
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(ITIL Service Strategy) The increase or decrease in the cost of producing one more, or one less, unit of output – for example, the cost of supporting an additional user.
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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 the total cost by the change in the product output.
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