The marginal cost, also known as the additional cost, is the cost of producing one more unit of a good. Calculating AVC is as simple as dividing the variable costs at each level of the total product ...

It is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced. The change in total revenue is divided by the change in ...

Discover the main factors of economic policy that, according to Keynesian economic theory, drive the marginal propensity to consume.