F7indseykids F7indseykids

17-11-2016
Business

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What is the term for the cost of providing an additional number of seats, such as seats on floor during a concert?

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MissPhiladelphia MissPhiladelphia

30-11-2016

In economics it is the term marginal cost. Marginal costis the change in the total cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.

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