mc is variable cost explain
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By Investopedia. Updated Sep 28, 2017. Marginal costs are a function of both fixed and variable costs. Fixed costs of production are considered the costs that occur on a regular basis such as rent or employees' salaries. By contrast, a variable cost is one that changes based on output and production costs.
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Marginal costs are a function of the total cost of production, which includes fixed and variable costs. Fixed costs of production are constant, occur regularly, and do not change in the short-term with changes in production. ... By contrast, a variable cost is one that changes based on production output and costs.
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