Marginal 0.0 / 5 ? EconomicsThe company, revenue and costsA2/A-levelAQA Created by: Rutendo1998Created on: 13-11-15 10:40 Marginal The effect per unit of a small change change in any variable. 1 of 5 Marginal Cost The extra cost incurred for producing an extra unit. 2 of 5 Marginal Social Cost The small cost of an activity as viewd by society, and expressed as the sum of marginal external cost and marginal private cost. 3 of 5 Marginal Revenue The extra revenue gained from producing an extra product. 4 of 5 Marginal Utility The addition of an individuals utility from a small increase in consumption of any good. 5 of 5
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