The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output. Additional cost associated with producing one more unit of output
the increase or decrease in costs as a result of one more or one less unit of output
insignificant cost, small expense; increase or decrease in total cost as the result of a change in the number of output units
The incremental cost of production from producing one more unit of output For example, the added cost of making two rather than one bowl of soup
The increase or decrease in a firm's total cost of production as a result of changing production by one unit
How much it costs to produce just one more unit of whatever is produced (in this case, one kilowatt on electricity) - includes variable costs (labor/raw materials) - does not include capital cost of factory - used to determine whether company is losing money
The change in cost associated with a unit change in quantity supplied or produced
the additional cost incurred in producing the last (or next) unit of output (S1) chinese | russian
The change in total costs resulting from the delivery of one additional therm of gas to a customer on the utility system, referred to as "volumetric cost "
In accounting, the additional total expense incurred as a result of producing one additional unit of an existing product or service Also known as incremental cost
of a good or service is how much it costs to produce just one more unit of it The marginal cost if derived from the variable costs -- the extra labor and raw materials, for example -- and does not include fixed costs, such as the capital cost of a factory
In the utility context, the cost to the utility of providing the next (marginal) kilowatt-hour of electricity, irrespective of sunk costs