Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
To compute marginal cost, divide the change in production costs by the change in quantity. The objective of analyzing marginal cost is to specify at what point an organization can gain economies of scale to optimize production and general operations.
What is marginal cost?
The marginal cost exists as the change in the total cost that occurs when the quantity produced stands incremented, the cost of producing an additional quantity. Marginal cost exists as the added cost to produce an additional well. This exists then the marginal cost: how much it costs to produce one additional unit of a good or service. The costs of production define the marginal cost.
To compute marginal cost, divide the change in production costs by the change in quantity. The objective of analyzing marginal cost is to specify at what point an organization can gain economies of scale to optimize production and general operations. Companies utilize marginal analysis as a decision-making instrument to assist them to maximize their potential profits. Marginal guides focus on the cost or use of the next unit or individual, for example, the cost to produce one more additional widget or the profit gained by adding one more worker.
To learn more about marginal cost refer to:
https://brainly.com/question/3200587
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.
