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Marginal cost

society Maturity 11-13

Making things costs money.

Average cost, total cost and marginal cost.png
Average cost, total cost and marginal cost.png
Making one more thing costs more. It might cost more for parts. It might cost more for help. This helps us know what to make. Do you like to make things?

42 words
🖼️ Images & Media (7)
File:Short run marginal cost.png
Short run marginal cost.png
File:Long run marginal cost.png
Long run marginal cost.png
File:NegativeExt.svg
NegativeExt.svg
File:PositiveExt.svg
PositiveExt.svg
File:Avc atc mc.png
Avc atc mc.png
File:Average cost, total cost and marginal cost.png
Average cost, total cost and marginal cost.png
File:Profit maximizing graph.png
Profit maximizing graph.png
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📚 Content adapted from Wikipedia | Readability: FK 12.5 | Vital Level 5