marginal cost
noun Economics.
the cost of one additional unit of any item produced or bought in quantity.
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Origin of marginal cost
First recorded in 1925–30
Words nearby marginal cost
margin call, margin line, margin of safety, margin plank, marginal, marginal cost, marginal costing, marginal gyrus, marginal man, marginal probability, marginal sea
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
Cultural definitions for marginal cost
marginal cost
The change in total cost of production when an output is varied by one unit.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.