What is meant by marginal cost?

Answer Posted / amit dokania

Marginal cost is a cost that should be incurred due to
additional unit of output. In another word we can say that
change in Total cost due to change in output. It’s totally
related to the variable cost .Example. ---When the total
cost 100 at 5 unit and variable cost 120 at 6 unit output.
The marginal cost = %change in Total cost / %change in
output i.e.20/1=20.

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