Marginal Cost:
Marginal cost is stated as the addition made to the net cost by the production of one extra unit of output.
Table: Computation of marginal cost
For illustration whenever a firm generates 100 units of output, the marginal cost would be equivalent to the total cost of generating 100 units minus the total cost of producing 99 units. Let’s assume the net cost of producing 99 units is $ 9000 and the total cost of generating 100 units is $ 10,000 then the marginal cost will be $10, 000 – $ 9,000 = $ 1,000. The firm has acquired a sum of $ 1,000 in the production of one more unit of the commodity. Symbolically,
MCn = TCn – TCn-1
Here,
MCn = Marginal costTCn = Total cost of producing n unitsTC n-1 = Total cost of generating n-1 unitsThe marginal cost curve is shown below:
The marginal cost curve is ‘U’ shaped. Shape of the cost curve is determined by the law of variable proportions. When increasing returns (i.e., economies of scale) is in operation, the marginal cost curve will be diminishing, as the cost will be reducing with the rise in output. Whenever the diminishing returns (i.e., diseconomies of scale) are in operation, the MC curve will be rising as it is the condition of rising cost.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Cost and Revenue help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Cost and Revenue, project ideas and tutorials. We provide email based Cost and Revenue help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Cost and Revenue. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Cost and Revenue. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Cost reduction programme aims at improvement of human efforts at all levels of the organisation which help in reducing costs.
Ecology tutorial all along with the key concepts of concepts and Principles in Ecology, Ecosystem, Community, Population, Habitat, Factors which influences in an Ecosystem
tutorsglobe.com family law assignment help-homework help by online humanities tutors
www.tutorsglobe.com offers Object Oriented Analysis homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com relationship between kp and kc assignment help-homework help by online attainment of equilibrium in chemical reactions tutors
www.tutorsglobe.com assignment help tutorials : the phases of operation research - or are defining the problem and collecting data, creating a mathematical model, obtaining solutions from the model, checking the model.
an encoder is a device which converts information from one format or code to other format or code, decoder is a multiple-output, multiple-input logic circuit, multiplexer or also termed as mux is a device which performs multiplexing.
a system of modulation where the duration, amplitude, position might be so controlled like to present the message to be communicated.
tutorsglobe.com types of cymose inflorescence assignment help-homework help by online cymose inflorescence tutors
theory and lecture notes of two-way analysis of variance all along with the key concepts of two-way analysis of variance, homework help, assignment help, f distribution and f-test tutors. tutorsglobe offers homework help, assignment help and tutor’s assistance on two-way analysis of variance.
tutorsglobe.com huntington’s chorea assignment help-homework help by online genetic diseases tutors
Shares present the basic units of ownership of a business. Every companies issue ordinary shares. Preference shares assurance that if a dividend is paid, the preference shareholders will be permitted to the first part of it up to a maximum value.
theory and lecture notes of context free grammars & languages all along with the key concepts of context free grammars & languages (cfg, cfl), example of recursive data structures, symmetric structures, ambiguous structures. tutorsglobe offers homework help, assignment help and tutor’s assistance on context free grammars & languages.
tutorsglobe.com simple theory of income determination assignment help-homework help by online theory of economics tutors
tutorsglobe.com types of natural resources assignment help-homework help by online natural resources tutors
1951955
Questions Asked
3689
Tutors
1464523
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!