Question

marginal cost is equal to
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Answer 1

Answer:

Marginal Cost is equal to the Change in Total Cost divided by the Change in Quantity. Marginal Cost refers to the cost required produce one more unit of Q.

Explanation:

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Answer 2

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Marginal cost is equal to

• Direct material cost + Direct labour cost+Other variable cost.

OR.

Total cost - fixed cost.

Explanation:

Marginal cost represents the incremental costs incurred when producing additional units of a good or service.

It is calculated by taking the total change in the costs of producing more goods and dividing that by the change in the quantity of good produced.

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