Today, marginal cost analysis remains a cornerstone of microeconomic theory and business strategy. Marginal cost differs significantly from other cost metrics, such as average cost and fixed cost.

https://doi.org/10.13169/worlrevipoliecon.5.2.0231 • https://www.jstor.org/stable/10.13169/worlrevipoliecon.5.2.0231 This article presents the marginal approach to ...