marginal cost of production

marginal cost influences the buyer of the house. If the marginal benefit surpasses or even equal with the marginal cost, the buyer normally decides to buy the house.

A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.

Variable cost refers to the TOTAL variable cost of all units, whereas marginal cost is the variable cost of the last unit only. Variable cost is the sum of all the individual marginal costs.

The derivative of the Variable Cost is the Marginal Cost. The integral of the Marginal cost is the Variable Cost.

Explain why the marginal revenue(MR) is always less than the average revenue (AR)?