MATH SOLVE

10 months ago

Q:
# what is the best definition for marginal cost?

Accepted Solution

A:

Answer:Marginal cost refers to the increase or decrease in the cost of producing one more unit or serving one more customer.Step-by-step explanation:Definition: Marginal cost is the additional cost incurred for the production of an additional unit of output. The formula is calculated by :Marginal Cost = (Change in the total cost)/(Change in the product output)[tex][/tex]