marginal cost

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Related to Marginal costs: Marginal revenue, Opportunity costs

marginal cost

[′mär·jən·əl ′kȯst]
(industrial engineering)
The extra cost incurred for an extra unit of output.
References in periodicals archive ?
Jeremy Rifkin, president of TIR Consulting Group and the Foundation on Economic Trends, occasionally acknowledges the productivity of capitalism in his new book, The Zero Marginal Cost Society.
In future work it would be interesting to perform a similar study for electricity, another market characterized by high fixed costs and low marginal costs.
Giokas showed that the marginal costs of the outputs derived from the combination of DEA at the first stage and either goal-programming or regression at the second appeared to be more accurate than those based on DEA or RA alone.
Inspired and motivated by the above results in this research field, in this paper, we establish two duopoly game models of product quantity and the water supply for two firms to produce differentiated product under the settings of complete information and incomplete information, respectively and obtain the corresponding allocation results of product quantity and the water supply under the condition that the market power exists, and next, we compare the allocation results obtained under the setting of incomplete information on marginal cost with that obtained under the setting of complete information on marginal cost.
Te section begins with an analytical solution to fixed marginal costs in order to introduce some important characteristics of the optimal implementation of lightweighting and efficiency technology.
In the short run, commodity prices often deviate substantially from estimated marginal costs because both production and consumption are semi-fixed (the result of previous investment decisions).
Our main finding is that the NKPC performs equally well with both measures of marginal costs, output and unit labor costs.
Marginal costs for debit card processing include a probabilistic share of lumpy costs that may be incurred when processing a particular transaction.
There are two reasons to believe that Canadian water prices do not reflect the marginal costs of supply.
In this literature, the Phillips curve implies that inflation can be expressed as the discounted sum of expected future marginal costs, where marginal costs equal the labor share.
It appears most widely applicable to assume that firms face conventional u-shaped short-run marginal cost functions determined by either fleet purchase and building decisions, or alternatively, by fleet leasing decisions.
equates marginal revenue with marginal cost in setting price.