Others MC(q) = TC′(q). Taking the change in total costs and dividing by the change in quantity can be used to find marginal cost. In other words, as the quantity produced grows from 40 to 60 haircuts, ...

The average variable cost curve is typically U-shaped or upward-sloping, as it is below the average total cost curve. The difference in total cost between two levels of output is divided by the ...

To calculate the marginal tax rate on the investment, you'll need to figure out the additional tax on the new income. In this example, $500 will be taxed at 15% and $500 at 25%. This produces tax ...

The key to optimizing manufacturing costs is to find that point or level as quickly as possible. Marginal cost of production ...