marginal cost is? quizlet
Marginal Cost. The cost to buy or produce one more unit of a good or service. Includes vale of alternatives given up to produce that unit (opportunity cost) Marginal Cost= Direct Costs (out of pocket) + Indirect Costs (opportunity cost).ncludes vale of alternatives given up to produce that unit (opportunity cost) Marginal Cost= Direct Costs (out of pocket) + Indirect Costs (opportunity cost).