marginal cost

1. The incremental increase in total *variable and *fixed costs arising from the manufacture of an additional unit of production. 2. A British term for *variable cost.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • marginal cost — marginal cost, marginal cost of production marginal cost of production . (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost is almost… …   The Collaborative International Dictionary of English

  • Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… …   Wikipedia

  • marginal cost — Econ the amount by which the costs of a firm will be increased if its output is increased by one more unit, of if one more customer is served. EXAMPLE If the price charged is greater than the marginal cost, then the revenue gain will be greater… …   The ultimate business dictionary

  • marginal cost — The increase or decrease in a firm s total cost of production as a result of changing production by one unit. Bloomberg Financial Dictionary * * * marginal cost marginal cost ➔ cost1 * * *    The additional cost of one extra unit of production, e …   Financial and business terms

  • Marginal Cost —   The cost of producing one additional unit of a product.   The cost to the utility or providing the next (marginal) kilowatt hour of electricity, irrespective of sunk costs.   The sum that has to be paid the next increment of product of service …   Energy terms

  • marginal cost — ribinės sąnaudos statusas T sritis Gynyba apibrėžtis Pinigų suma, kuria pasikeičia bendrosios sąnaudos, kai pagamintos produkcijos kiekis padidėja arba sumažėja vienu vienetu. atitikmenys: angl. marginal cost ryšiai: susijęs terminas – papildomos …   Lithuanian dictionary (lietuvių žodynas)

  • marginal cost — noun The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output. Additional cost associated with producing one more unit of output …   Wiktionary

  • marginal cost — noun the increase or decrease in costs as a result of one more or one less unit of output (Freq. 3) • Syn: ↑incremental cost, ↑differential cost • Hypernyms: ↑monetary value, ↑price, ↑cost …   Useful english dictionary

  • marginal cost — insignificant cost, small expense; increase or decrease in total cost as the result of a change in the number of output units …   English contemporary dictionary

  • marginal cost — Econ. the cost of one additional unit of any item produced or bought in quantity. [1925 30] * * * …   Universalium

  • marginal cost — The additional cost incurred as a result of the production of one additional unit of production. It usually equates to the direct costs plus the variable overhead costs …   Accounting dictionary

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