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Can anyone define marginal cost and marginal costing?

1 Follower | 74 Views | Posted 9 years ago
Asked by Asanur Rahman

  • 1 Answer

  • Shiksha Ask & Answer

    Answered by

    Sumit Maheshwari | Contributor-Level 8

    9 years ago
    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. In general terms, marginal cost at each level of production includes any additional costs required to produce the next unit.

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