Marginal Factor Cost MFC
Tags: #Economics #MicroeconomicsEquation
$$\text{MFC} = \frac{\Delta \text{TC}}{\Delta \text{f}}$$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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