What is the definition of marginal cost?
A) the cost of buying things on the margin.
B) the additional cost of producing an additional item.
C) the average cost per unit.
D) the cost of buying a stock online.

Question

Quizplus · Accepted Answer

Marginal cost refers to the additional cost that a company incurs to produce one more unit of a good. It is calculated by dividing the change in total cost by the change in quantity produced.

What Is the Definition of Marginal Cost