Saturday Brain Storming Thought (192) 

MARGINAL COST

The marginal cost is the change in total production cost that comes from making or producing one additional unit

Key Takeaways of Marginal Cost

1) Marginal Cost is an important concept in managerial accounting

2) it can help an organisation optimize it’s production through economies of scale

3) a company can maximize its profits by producing to where marginal cost (MC) equals marginal revenue (MV)

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