Marginal Factor Cost MFC

Tags: #Economics #Microeconomics

Equation

$$\text{MFC} = \frac{\Delta \text{TC}}{\Delta \text{f}}$$

Latex Code

                                 \text{MFC} = \frac{\Delta \text{TC}}{\Delta \text{f}}

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Introduction

Equation



Latex Code

            \text{MFC} = \frac{\Delta \text{TC}}{\Delta \text{f}}

Explanation

Latex code for Marginal Revenue Product of Labor MRPL. Marginal factor cost (MFC) is the change in total cost (\Delta \text{TC}}) divided by the change in the quantity of the factor:

  • : Marginal Factor Cost
  • : Change in total cost
  • : Change in the quantity of the factor

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