Marginal Cost Formula |
\( MC \;=\; \dfrac{ TC }{ QP } \) |
Symbol |
\( MC \) = Marginal Cost |
\( QP \) = Change in Quality Produced |
\( TC \) = Change in Total Cost |
Marginal cost, abbreviated as MC, is the increade or decrease in cost to prodicing one more unit or sreving one more customer.