The Marginal cost helps a consumer determine the quantity of something to buy.
What is The Marginal Cost?
Marginal cost refers to the additional cost to produce each additional unit. The marginal cost of production is the change in total production cost that comes from making or producing one additional unit.
It represents the incremental costs incurred when producing additional units of a good or service. It is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced.
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