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Marginal Cost (Formula)
Marginal cost (MC) is calculated as the change in total cost (ΔTC) divided by the change in quantity (ΔQ). The formula for discrete changes is . In calculus, for continuous cost functions, marginal cost is the first derivative of the total cost (TC) function with respect to quantity (Q), represented as .
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Economics
Economy
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
CORE Econ
Social Science
Empirical Science
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Learn After
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