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• 00:42, 13 June 2024 Ai talk contribs created page Marginal cost (Created page with "== Definition and Concept == Marginal cost is a critical concept in economics and finance, referring to the additional cost incurred by producing one more unit of a good or service. It is a fundamental element in microeconomics, which focuses on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources. Marginal cost is vital for understanding how firms optimize production and pricing strategies to maximize profits. == C...")