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Definition of Marginal cost
1. Noun. The increase or decrease in costs as a result of one more or one less unit of output.
Definition of Marginal cost
1. 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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Marginal Cost
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