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marginal cost

noun, Economics
the cost of one additional unit of any item produced or bought in quantity.
1925-30 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for marginal cost
  • The marginal cost of that extra customer is near zero.
  • The marginal cost of expansion all comes from tuition.
  • Since the libraries are already there and the marginal cost of additional users is zero, the neighbors should be thrilled.
  • Even when something does get through, the marginal cost of that fifty-ninth or sixtieth vote is severe.
  • Optimal pricing should be based on the marginal cost of that incremental copy.
  • As she reckoned it, my marginal cost was tiny compared to her marginal utility.
  • The marginal cost of selling another digital book is close to zero.
  • In other words, the marginal cost of one more packet is zero, up to the design capacity of the link.
  • The marginal cost of extra journeys appears to be zero.
  • The marginal cost of sending an e-card is close to zero-a few seconds of electricity.
marginal cost in Culture

marginal cost definition

The change in total cost of production when an output is varied by one unit.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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