# Which cost is related to marginal cost?

**marginal cost**is the change in the total

**cost**when the quantity produced changes by one unit. It is the

**cost**of producing one more unit of a good.

**Marginal cost**includes all of the

**costs**that vary with the level of production.

Just so, is variable cost equal to marginal cost?

**Marginal cost** refers to the **cost** of producing the next unit of output. When you go from 0 units produced to 1 unit produced, the **marginal cost** of the 1st unit will be **equal** to the total **variable costs**.

Likewise, is Marginal cost the same as fixed cost? **Marginal costs** are a function of the total **cost** of production, which includes **fixed** and variable **costs**. **Fixed costs** of production are constant, occur regularly, and do not change in the short-term with changes in production. There is a **marginal cost** when there are changes in the total **cost** of production.

Simply so, what is another name for marginal cost?

Marginal cost refers to the increase or decrease in the cost of producing one more **unit** or serving one more customer. It is also known as incremental cost.

What is the formula for marginal cost?

The **formula** to calculate **marginal cost** is the change in **cost** divided by the change in quantity. So once you've figured out the change in total **cost** and the change in quantity, you can use these two numbers to quickly and easily calculate your **marginal cost**.