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 ...

Under idealized market conditions, a perfectly competitive business will continue to produce additional output until marginal revenue is equal to the cost of producing an additional unit ...

you can also use marginal revenue to project the cost of a group of "just one more" items. For example, you can calculate the revenue of a batch of 1,000 units and then calculate the marginal ...

Reviewed by Ebony Howard Fact checked by Yarilet Perez What Is Marginal Propensity to Save? Marginal propensity to save (MPS) is used by economists to quantify the relationship between changes in ...