Case Study problem | P.DEVIE ABIRAMI | SNS INSTITUTIONS

Marginal Cost (MC) is the additional cost incurred by producing one more unit of a product. It reflects how total cost changes with a small change in output. Average Cost (AC), also known as unit cost, is the total cost divided by the number of units produced, showing the cost per unit on average. While AC gives an overall view of production cost, MC is crucial for decision-making, especially when determining the most profitable level of output. #snsinstitutions #snsdesignthinkers #designthinking