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marginal cost
 

Definitions from WordNet

Noun marginal cost has 1 sense
  1. marginal cost, incremental cost, differential cost - the increase or decrease in costs as a result of one more or one less unit of output
    --1 is a kind of monetary value, price, cost

Definitions from the Web

Marginal Cost

Definition: Marginal cost refers to the additional cost incurred in producing one more unit of a product or service.

Example sentences:

  1. The company decided to lower the price of the product as the marginal cost of production decreased.
  2. By analyzing the marginal cost, management was able to determine the most profitable production level.
  3. When the manufacturer decided to increase production, the marginal cost of labor also increased.

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