marginal cost
/ˌmɑːrdʒɪnəl ˈkɒst/
the cost of producing one additional unit
“Firms maximize profit where marginal cost equals marginal revenue.”
Origin: From marginal (Latin margo edge) + cost
/ˌmɑːrdʒɪnəl ˈkɒst/
the cost of producing one additional unit
“Firms maximize profit where marginal cost equals marginal revenue.”
Origin: From marginal (Latin margo edge) + cost