What Is Marginal Cost?
Marginal cost is the extra cost of making one more unit; it is not the average.
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1.What is marginal cost?
Marginal cost is the extra cost of making one more unit; it is not the average.
2.Total cost is 600 for one table and 680 for two. What is the marginal cost of the second table?
Marginal cost is the difference: 680 minus 600 is 80 (worked example).
3.Why does the cost of one more table rise again later?
Leo works late, pays overtime and the tools wear out faster: the marginal cost goes 80, 100, 130 for tables four to six.
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Sources (2)
- Folge 034 EconomyTutor.com, fakten.v1.json f010 (Baeckerei: Fixkosten 600, variabel 1 je Brot)
- Eigene Berechnung (synthetisches Rechenbeispiel
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