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5 results for “marginal”

Formulae (5)

MC = \dfrac{\Delta TC}{\Delta Q}

The added cost of producing one more unit of output.

MR = \dfrac{\Delta TR}{\Delta Q}

The added revenue from selling one more unit of output.

MPC = \dfrac{\Delta C}{\Delta Y}

The fraction of an extra dollar of income that is spent rather than saved.

k = \frac{1}{1 - MPC}

Total impact of spending given marginal consumption.

MU = \frac{\Delta U}{\Delta Q}

Extra satisfaction from one more unit.