Beta Phase:
Square45 is currently in beta testing. Expect some features or content to be incomplete or missing.
45
English
Français
العربية
Deutsch
🏠
/
Economics
/
Producer Theory
/
Marginal Cost (MC)
Marginal Cost (MC)
The change in total cost resulting from producing one additional unit of output. Mathematically, it is the derivative of the total cost function (TC) with respect to quantity (Q): MC(Q) = dTC/dQ.