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Marginal Cost Formula

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Marginal Cost is the change in total production cost that comes from making one more unit. Check FAQs

MLC = \frac{CHTC}{ΔY}

MLC - Marginal Cost?CHTC - Change in Total Costs?ΔY - Change in Output?

Marginal Cost Example

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With units

Only example

Here is how the Marginal Cost equation looks like with Values.

Here is how the Marginal Cost equation looks like with Units.

Here is how the Marginal Cost equation looks like.

6.25 = \frac{500}{80}

6.25 = \frac{500}{80}

6.25 = \frac{500}{80}

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Marginal Cost Solution

Follow our step by step solution on how to calculate Marginal Cost?

FIRST Step Consider the formula

MLC = \frac{CHTC}{ΔY}

Next Step Substitute values of Variables

∴

MLC = \frac{500}{80}

Next Step Prepare to Evaluate

∴

MLC = \frac{500}{80}

LAST Step Evaluate

∴

MLC = 6.25

Marginal Cost Formula Elements

Variables

Marginal Cost

Marginal Cost is the change in total production cost that comes from making one more unit.

Symbol: MLC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Marginal Cost

Change in Total Costs

Change in Total Costs refers to difference that comes from producing one additional unit of output during a particular point of time.

Symbol: CHTC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Change in Total Costs

Change in Output

Change in Output of a firm refers to the association of output with using one more additional unit of an input.

Symbol: ΔY

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Change in Output

Other formulas in Microeconomics category

Go Average Total Cost

ATC = \frac{Tc}{Q}

Go Gross Domestic Product

GDP = PCN + GI + G + NX

Go Rate of Inflation

R = \frac{ECPI - ICPI}{ICPI}

Go Net Exports of Goods and Services

NX = X - M

How to Evaluate Marginal Cost?

Marginal Cost evaluator uses Marginal Cost = Change in Total Costs/Change in Output to evaluate the Marginal Cost, Marginal Cost is the change in total production cost that comes from producing one additional unit. Marginal Cost is denoted by MLC symbol.

How to evaluate Marginal Cost using this online evaluator? To use this online evaluator for Marginal Cost, enter Change in Total Costs (CHTC) & Change in Output (ΔY) and hit the calculate button.

FAQs on Marginal Cost

What is the formula to find Marginal Cost?

The formula of Marginal Cost is expressed as Marginal Cost = Change in Total Costs/Change in Output. Here is an example- 6.25 = 500/80.

How to calculate Marginal Cost?

With Change in Total Costs (CHTC) & Change in Output (ΔY) we can find Marginal Cost using the formula - Marginal Cost = Change in Total Costs/Change in Output.

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Marginal Cost Formula

Marginal Cost Example

Marginal Cost Solution

Marginal Cost Formula Elements

Other formulas in Microeconomics category

How to Evaluate Marginal Cost?

FAQs on Marginal Cost

Variable Name