The mathematical formula is:? Marginal cost = total cost change/output change
In economics, the marginal cost is represented by MC.
To make it easier for you to understand, for example:
Suppose a coffee shop produces two cups of coffee 3.5 yuan and three cups of coffee 4.3 yuan, then we say that the marginal cost of the third cup of coffee is 0.8 yuan, calculated by the above formula: (4.3-3.5)/(3-2)=0.8 yuan.
Marginal contribution: Marginal contribution is the balance of sales revenue after deducting variable costs. As the difference between sales revenue and variable costs, marginal contribution should be the result of deducting all the related variable costs (direct material costs, direct labor costs, variable manufacturing costs, variable sales costs and management expenses) from a certain sales revenue.
Marginal effect: Marginal utility, sometimes called marginal contribution, the first cause effect in social perception and recency effect. When studying memory materials, German psychologist Ebbinghaus found that people can remember the contents of the beginning and the end well because they are not affected by forward inhibition and backward inhibition respectively, which is also applicable to the study of the laws of social perception process in social psychology.
Extended file; ? Complete collection of accounting data