What is a Marginal Cost?
Definition: Increase in the total production cost experienced when an additional unit is produced. Simply stated, is the cost of producing an additional piece. What Does Marginal Cost Mean? The […]
Business & Financial Education for Entrepreneurs
Definition: Increase in the total production cost experienced when an additional unit is produced. Simply stated, is the cost of producing an additional piece. What Does Marginal Cost Mean? The […]
Economics Education