Key Difference – Average Cost vs Marginal Cost The key difference between average cost and marginal cost is that average cost is the total cost divided by the number of goods produced whereas marginal cost is the rise in cost as a result of a marginal (small) change in the production of goods or […]
Unit Price vs Unit Cost Unit price and unit cost are two related terms that are confusing for many. While unit price is important from the point of view of retail customers shopping in malls and shops, unit cost is a feature holding significance for manufacturers as it is in their interest, to keep […]
