3 Tutorials that teach Cost: Total, Marginal and Average
Take your pick:
Cost: Total, Marginal and Average

Cost: Total, Marginal and Average

Author: Catherine Barry
This lesson will explain Cost: Total, Marginal and Average
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

27 Sophia partners guarantee credit transfer.

245 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.


Notes on "Cost: Total, Marginal and Average"

Terms to Know

Total Cost

Variable costs plus fixed costs

Marginal Cost

Additional cost incurred when producing one additional product

Average Cost

Total cost divided by quantity