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River Nixon
27 May, 06:24
How do you find marginal cost?
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Brenden Barber
27 May, 08:56
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Marginal cost is the increase or decrease in total production cost if output is increased by one more unit. The formula to obtain the marginal cost is change in costs / change in quantity. If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit.
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