Question

prepare a note on marginal cost​

Answer 1

Answer:

Marginal cost is the cost of producing one extra unit of output. It is the amount by which total cost increases when one extra unit is produced or the amount of cost which can be saved by producing one unit less. It is the variable cost comprising prime cost and variable overheads.

Answer 2

In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

Marginal cost = Change in cost/change in quantity