Victoriaaac1 Victoriaaac1

27-08-2021
Computers and Technology

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A marginal change is one that

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Histrionicus Histrionicus

31-08-2021

The marginal change is one that incrementally alters an existing plan.

A marginal change is a proportionally very small change in the total quantity of some variable that could be an addition or subtraction.

It is a small incremental adjustment to an existing plan of action
calculated by dividing the change in total cost by the change in quantity

The term total cost in production or economics refers to the cost that an organization acquires to preserve or uphold its business in the economy. It has two components namely total fixed cost and total variable cost.

In economics, the marginal change is linked to the addition to the total cost in case of rising in the sale of a product by one unit.

Thus, marginal change alters the increment in the existing plan.

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