Marginal cost, abbreviated as MC, is the increade or decrease in cost to prodicing one more unit or sreving one more customer.
Marginal Cost Formula |
| \(\large{ MC = \frac{ TC }{ QP } }\) |
| Symbol |
| \(\large{ MC }\) = marginal cost |
| \(\large{ QP }\) = change in quality produced |
| \(\large{ TC }\) = change in total cost |
