Give economic term: Net addition made to the total cost by producing one more unit of output – - Economics

Advertisements
Advertisements
One Line Answer

Give economic term:

Net addition made to the total cost by producing one more unit of output –

Advertisements

Solution

Marginal Cost (MC)

Explanation: 

Marginal cost is the change in total cost that arises when the quantity produced increases by one unit. It's crucial for determining the optimal level of production, where it's often used to decide whether to increase or decrease production levels.

  Is there an error in this question or solution?
Chapter 4: Supply Analysis - Give economic terms
Share
Notifications



      Forgot password?
Use app×