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What does the term marginal cost mean in the field of economics?
Wiki User
∙ 10y ago
Marginal cost in economics means the cost that is not particularly big considering the other costs or investments that are required. It is used to state the cost and then make a very small allowance for it is required for accounting reasons.
Wiki User
∙ 10y ago
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What does profit maximizing quantity of output mean?
Its the level of production where marginal cost is equal to marginal revenue.
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
What does SAC mean in economics?
SAC is an abbreviation for short-run average cost.
What does on-the-margin mean?
On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
What does marginal costs mean?
In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit
What does profit maximizing quantity of output mean?
Its the level of production where marginal cost is equal to marginal revenue.
What is mean by Xna in a field of economics?
Net exports.
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
How can you tie mean girls to Econimics like opportunity cost and cost-benefit analysis?
you can tie mean girls to economics by calling attention of social construction of traditional economics hence produce things like family economics.
What does SAC mean in economics?
SAC is an abbreviation for short-run average cost.
Does marginal profit and selling price mean the same thing?
Only if it cost you nothing in the first place. Profit is selling price less cost.
How much the marginal lands in Africa?
what do you mean by marginal lands?
What do you mean by Marginal Probabilities under statistical dependence?
What do you mean by Marginal probailities under statistical dependence
What does on-margin mean?
On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)
What does on-the-margin mean?
On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
