Marginal Cost voice-over

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Marginal Cost:

Marginal Cost 1 Output FC VC TC MC 0 $500 $ 0 $500 $ --- 1 200 700 200 2 300 800 100 3 450 950 150 4 650 1,150 200 5 950 1,450 300 6 1,500 2,000 550 Marginal cost is the cost of producing one additional unit of output