In economics, marginal cost is a change in the total cost caused by the production of additional units of a good or service. based on marginal cost value, it may be easy to decide how much production of units is needed. It is calculated as the change in total cost divided by change in quantity.
The incremental cost calculator, differential cost calculator and marginal cost calculator all are related to the same subject. However, the marginal cost is different from the margin cost.
The total cost is contained fixed cost and variable cost. The variation in total cost is because of a change in the quantity of production, is because variable cost includes labor and material cost and fixed cost includes administration and selling expenses.
The formula for calculating marginal cost calculator is as follows:
Marginal Cost = Change in the total cost / Change in the quantity
What can you do with Marginal Cost Calculator?
- It helps to calculate the marginal cost and helps to measure the cost of an additional unit.
- Users can see the accurate value of the marginal cost. And also can see the marginal cost value in words.
- This calculator helps to share your calculations by URL.