Jasmin pays $5.00 at her neighborhood petrol station for a coffee cup that may be filled at any time for $0.50. Her tenth cup of coffee has a marginal cost of $0.50.
The term "marginal cost" describes the rise or fall in price associated with producing or providing services to an additional consumer. It also goes by the name incremental cost.
The cost of materials is only one component of marginal costs. Everything that changes as output increases is included in the marginal cost of production. The price you pay to rent or buy a bigger warehouse, for instance, is an example of a marginal cost.
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