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Marginal cost |
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Marginal costThe increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.Similar MatchesMarginal propensity to saveMarginal propensity to saveThe fraction of a change in income (or perhaps disposable income) that is saved. Marginal revenueMarginal revenueThe change in total revenue as a result of producing one additional unit of output. Marginal value productMarginal value productThe value of the marginal product of a factor in an industry; that is, the price of the good produced times the marginal product. Determines factor prices when all markets are competitive. MarginalMarginalIncremental. Marginal propensityMarginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity. Further SuggestionsValue marginal productMarginal rate of transformation Marginal rate of substitution Marginal propensity to import Marginal utility Marginal efficiency of capital Marginal product marginal tax rate Marginal propensity to consume Marginal revenue product Marginal tax rate |
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