Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The change in a firm's total cost from producing one more unit of a good or service is marginal cost.
In economics, the marginal cost is the exchange in general production price that comes from making or producing one additional unit. To calculate marginal cost, divide the trade in production fees by means of the alternate amount.
The cause of studying marginal cost is to decide at what factor a company can achieve economies of scale to optimize production and average operations. If the marginal cost of producing one extra unit is lower than the in keeping with-unit fee, the manufacturer has the capacity to advantage earnings.
Change in total value = total value of production including extra unit – total value of production of a normal unit. change in quantity = total amount product including additional unit – total quantity product of normal unit.
Learn more about marginal cost here: https://brainly.com/question/17230008
#SPJ4
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
