Share This Article:

Economic Definition of total variable cost and marginal cost. Defined.

Offline Version: PDF

Term total variable cost and marginal cost Definition: A mathematical connection between marginal cost and total variable cost stating that marginal cost IS the slope of the total variable cost curve. This relation between total variable cost and marginal cost is also seen with total cost. The slope of the total cost curve is marginal cost, as well. The relation between total variable cost and marginal cost is but another in the long line of applications of the total-marginal relation.

 

« total variable cost | total variable cost and total product »

Permalink: https://glossary.econguru.com/economic-term/total+variable+cost+and+marginal+cost

Alphabetical Reference to Over 2,000 Economic Terms