Tags Economics

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Economics

What does the term marginal cost mean in the field of economics?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Marginal cost in economics means the cost that is not particularly big considering the other costs or investments that are required. It is used to state the cost and then make a very small allowance for it is required for accounting reasons.

Wiki User

∙ 11y ago

Still curious? Ask our experts.

Chat with our AI personalities

Vivi

Your ride-or-die bestie who's seen you through every high and low.

Chat with Vivi

Jordan

Looking for a career mentor? I've seen my fair share of shake-ups.

Chat with Jordan

Professor

I will give you the most educated answer.

Chat with Professor

Add your answer:

Earn +20 pts

Q: What does the term marginal cost mean in the field of economics?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Economics

What does profit maximizing quantity of output mean?

Its the level of production where marginal cost is equal to marginal revenue.

What is diminishing marginal productivity explain with example?

the law diminishinf mean fixed cost and variable cost

What does SAC mean in economics?

SAC is an abbreviation for short-run average cost.

What does on-the-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)

What are increasing marginal returns?

ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.

Trending Questions

Which occurrence could cause the demand curve for cars in your city to the left? Where is the economy at its best in the US? What was Henry VII economic problems? How can one maximize the spending multiplier effect in economic policies? John D. Rockefeller monopolized the oil-refining business by? How many U S dollars in a Pence? Why are tnc's in poor countries? How are oil wells valued? What term applies to the economic policy that manages the business cycle by changing government spending? Why are services typically more? Is gold valuable? What do states engaging in economic imperialism hope to accomplish? How did pike start an economic invasion of the west? Which scenario is the BEST example of how the government would act in a mixed market economy? Only people with authority to make original classification decisions may derivatively classify documents? What is opportunity cost all about? What will occur if reserve bank wished to impliment a deflationary open-market policy? What are the three fundemental questions that every economic system must answer? How is net exports and net capital outflow related? How much actual money is there in the world?

Related Questions

What does marginal costs mean?

In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit

What does profit maximizing quantity of output mean?

Its the level of production where marginal cost is equal to marginal revenue.

What is mean by Xna in a field of economics?

Net exports.

What is diminishing marginal productivity explain with example?

the law diminishinf mean fixed cost and variable cost

How can you tie mean girls to Econimics like opportunity cost and cost-benefit analysis?

you can tie mean girls to economics by calling attention of social construction of traditional economics hence produce things like family economics.

What does SAC mean in economics?

SAC is an abbreviation for short-run average cost.

Does marginal profit and selling price mean the same thing?

Only if it cost you nothing in the first place. Profit is selling price less cost.

How much the marginal lands in Africa?

what do you mean by marginal lands?

What do you mean by Marginal Probabilities under statistical dependence?

What do you mean by Marginal probailities under statistical dependence

What does on-the-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)

What does on-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)

What are increasing marginal returns?

ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.