Marginal cost is the cost incurred when producing one additional unit. Marginal cost is the extra money a business spends to make just one more product. It's a key concept that helps companies ...

The key to optimizing manufacturing costs is to find that point or level as quickly as possible. Marginal cost of production includes all of the costs that vary with that level of production.

The marginal cost function, C (x), is interpreted as the cost of adding one more item. How do you calculate MC? Marginal cost is calculated using the following formula: Marginal Cost = (Change in ...