The change in a firm's total cost from producing one more unit of a good or service is:______

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02-08-2022
Business

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The change in a firm's total cost from producing one more unit of a good or service is:______

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Ahmadfardeen571idn Ahmadfardeen571idn · Answer 1 · 2022-08-10T01:13:40-04:00

The change in a firm's total cost from producing one more unit of a good or service is marginal cost.

In economics, the marginal cost is the exchange in general production price that comes from making or producing one additional unit. To calculate marginal cost, divide the trade in production fees by means of the alternate amount.

The cause of studying marginal cost is to decide at what factor a company can achieve economies of scale to optimize production and average operations. If the marginal cost of producing one extra unit is lower than the in keeping with-unit fee, the manufacturer has the capacity to advantage earnings.

Change in total value = total value of production including extra unit – total value of production of a normal unit. change in quantity = total amount product including additional unit – total quantity product of normal unit.

Learn more about marginal cost here: https://brainly.com/question/17230008

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