The formula used in the calculations is:
\[ \text{MC} = \frac{\Delta \text{TC}}{\Delta \text{Q}} \]
This calculator computes the Marginal Cost (MC) based on the input values of the change in total cost (ΔTC) and the change in total quantity (ΔQ). Marginal cost is the additional cost incurred in the production of one more unit of a good or service.
Let's assume the following:
Calculate the Marginal Cost (MC):
\[ \text{MC} = \frac{500}{50} = 10 \]
Therefore, the Marginal Cost (MC) is $10.
