marginal cost definition

  • noun:
    • The increase in expense that accompanies a unit escalation in output; the limited by-product for the expense purpose pertaining to production. Additional expense related to making one more unit of production.
    • the rise altogether price of manufacturing as a consequence of creating yet another product of result; since particular ovrhead costs are fixed, the marginal cost is virtually aways lower than the sum total per-unit cost of manufacturing averaged overall units produced.
    • the increase or decrease in costs due to one more or one less device of result

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