Question

marginal cost refers to??​

Answer 1

Answer:

Marginal cost is the additional cost incurred in the production of one more unit of a good or service.

Explanation:

The formula is calculated by dividing the change in the total cost by the change in the product output.

Marginal cost of production includes all of the costs that vary with that level of production. For example, if a company needs to build an entirely new factory in order to produce more goods, the cost of building the factory is a marginal cost.

hope this helps

mark brainliest

Answer 2

Answer:

Marginal cost is the additional cost incurred for the production of an additional unit of output.