Marginal cost

Marginal cost: Definition, formulas, curves and more

Marginal cost definition With the increase in one unit of output, the total cost increases, and the total increased unit is the marginal cost. Moreover, marginal cost is a change in total cost by producing an additional unit of output. Suppose we produce five units…

When Was Africa Founded: The real

The word “Africa” is emotive, conjuring up various pictures for distinct people. For others, it’s an ivory-tusked elephant standing before the snow-capped peaks of Mount Kilimanjaro; for others, it’s a dream glistening on the arid Sahara Desert. It’s also a strong term, evoking exploit and…