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The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.

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โˆ™ 2014-06-05 06:17:11
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Q: What is the differences between standard cost and marginal cost?
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Related questions

What is the difference between marginal cost and standard cost?

The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.


What Relation between marginal cost and average cost?

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Relationship between marginal cost and variable cost?

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.


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In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.


Difference between cost of debt and marginal cost of debt?

Cost of debt is the original cost of borrowing including original interest rate Marginal cost of debt is new loan which extended from the previous one, the interest of which is called marginal cost of debt.


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There is marginal cost and there is average cost but a marginal average cost makes no sense.


When a firm's marginal revenues are higher than its marginal cost?

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Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity


Relationship between marginal cost and average total cost?

The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.


How does the relationship between marginal cost and marginal benefit impact producer?

It helps producers decide how much of a good to make.

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