Definition
Marginal cost is the cost of producing one additional unit of a product or service.
Related Services
Cost analysis, pricing strategy, and financial planning services help businesses calculate and manage marginal costs for better pricing and production decisions.
Problem and Application
Understanding marginal costs helps businesses optimize production processes and set competitive prices while maintaining profitability.
Conclusion
Marginal cost is an essential metric for cost management, helping businesses make informed decisions about production and pricing.
