Question

How to measure incremental increase in one quantity as compared to other with respect to a variable?

Answer 1

Explanation:

The marginal cost formula represents the incremental costs incurred when ... Marginal Cost = (Change in Costs) / (Change in Quantity) ... units requires hiring one or two workers and increases the purchase cost of raw ...

Answer 2

Answer:

Marginal cost represents the incremental costs incurred when producing additional units of a good or service. It is calculatedby taking the total change in the costs of producing more goods and dividing that by the change in the quantity of good produced. The usual variable costs.