{"id":81372,"date":"2021-02-05T09:19:56","date_gmt":"2021-02-05T09:19:56","guid":{"rendered":"https:\/\/www.healthbenefitstimes.com\/glossary\/?p=81372"},"modified":"2021-02-05T09:19:56","modified_gmt":"2021-02-05T09:19:56","slug":"marginal-cost","status":"publish","type":"post","link":"https:\/\/www.healthbenefitstimes.com\/glossary\/marginal-cost\/","title":{"rendered":"Marginal cost"},"content":{"rendered":"<p>In health economics, the change in the total cost of producing services which results from a small or unit change in the quantity of services being produced. Marginal cost is the appropriate cost concept to consider when contemplating program expansion or contraction. Economies of scale will result from the expansion of a program when marginal cost is less than average or unit cost.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In health economics, the change in the total cost of producing services which results from a small or unit change in the quantity of services being produced. Marginal cost is the appropriate cost concept to consider when contemplating program expansion or contraction. Economies of scale will result from the expansion of a program when marginal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-81372","post","type-post","status-publish","format-standard","hentry","category-m"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marginal cost - Definition of Marginal cost<\/title>\n<meta name=\"description\" content=\"In health economics, the change in the total cost of producing services which results from a small or unit change in the quantity of services being produced. Marginal cost is the appropriate cost concept to consider when contemplating program expansion or contraction. 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