marginal cost

Noun

Meaning

the increase or decrease in costs as a result of one more or one less unit of output

Source: WordNet

Synonyms

incremental cost differential cost incidental expense overprice additional charge additional cost additional payment added expense added cost extra cost increase in cost additional fee extra fee additional expenditure additional expense

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Antonyms

discount subtraction abatement fixed cost fixed charge lower price

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Hypernyms

cost Price monetary value

Examples

Justification for infidelity and dishonesty in all their manifestations lies in the marginal cost economics of "just this once. Clayton Christensen

Which comes first - price being set by the intersection of supply and demand, or individual firms equating marginal cost to price? Steve Keen

Monopolistically competitive markets are also allocatively inefficient, as the price given is higher than Marginal cost. Source: Internet

Close letter words and terms

marginal art marginal benefit marginal change marginal cost of capital marginal degrees marginal distribution