Marginal cost is . the cost that can be traced to a specific product another name for the fixed cost per unit the cost incurred to produce one more unit of a product what is given up by selecting one alternative over another

the cost incurred to produce one more unit of a product

Explanation:

Marginal cost can be defined as the additional cost that a firm incurs when it produces one additional unit of output.

The marginal cost of a good can be found using the following formula:

Marginal Cost = Change in cost / change in quantity

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