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How To Find The Marginal Cost Of A Product? |
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Answer» In economics and FINANCE, marginal cost is the change in TOTAL cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a good. MATHEMATICALLY, the marginal cost (MC) FUNCTION is expressed as the first (order) derivative of the total cost (TC) function with respect to quantity (Q). In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a good. Mathematically, the marginal cost (MC) function is expressed as the first (order) derivative of the total cost (TC) function with respect to quantity (Q). |
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