In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. Mathematically, the marginal cost (MC) function is expressed as the derivative of the total cost (TC) function with respect to quantity (Q). Note that the marginal cost may change with volume, and so at each level of production, the marginal cost is the cost of the next unit produced.
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Noun 1. the increase or decrease in costs as a result of one more or one less unit of output (synonym) marginal cost, differential cost (hypernym) monetary value, price, cost
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