How is short period marginal cost estimated?

1.	How is short period marginal cost estimated?
Answer» Short Period Marginal Cost can be estimated either from Total Variable Cost or from Total Cost. Marginal cost is an additional cost. MC can be calculated by the following ways: MC = TC_n – TC_n-1 = (TFC_n + TVC_n) – (TFC_n-1 + TVC_n-1) = TVCn – TVC_n-1 (TFC_n = TFC_n-1, because TFC is constant).

Answer»

Short Period Marginal Cost can be estimated either from Total Variable Cost or from Total Cost. Marginal cost is an additional cost.

MC can be calculated by the following ways:
MC = TC_n – TC_n-1
= (TFC_n + TVC_n) – (TFC_n-1 + TVC_n-1)
= TVCn – TVC_n-1
(TFC_n = TFC_n-1, because TFC is constant).

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How is short period marginal cost estimated?

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