'marginal cost' definitions:
Definition of 'marginal cost'
(from WordNet)
noun
The increase or decrease in costs as a result of one more or one less unit of output [syn: marginal cost, incremental cost, differential cost]
Definition of 'marginal cost'
From: GCIDE
- marginal cost \marginal cost\, marginal cost of production \marginal cost of production\n. (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost is almost aways less than the total per-unit cost of production averaged over all units produced.
- Syn: incremental cost, differential cost. [WordNet 1.5]