MEC is the highest rate of return expected from an additional unit of capital stock over its cost. MEI is the expected rate of return from one additional unit of investmeni.
MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
relation ship between average cost and marginal cost
There is inverse relation between demand and price it means if one increase the other will decrease and vice versa. the inverse relation exit between demand and price due to three reason Diminshing of marginal utility Income effect Substitute effectc
What is the difference between equi-marginal utility and diminishing marginal utility?Read more:What_is_the_difference_between_equi-marginal_utility_and_diminishing_marginal_utility
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
MEC is the expected rate of return on capital and MEI is the expected rate of return on investment.
relation ship between average cost and marginal cost
I think Braeking efficiency is the relation between the velocity and the time to stop something in movement.
There is inverse relation between demand and price it means if one increase the other will decrease and vice versa. the inverse relation exit between demand and price due to three reason Diminshing of marginal utility Income effect Substitute effectc
Coupling efficiency = NA2 such that if you have an initial power output P0 you get P=P0*NA2
what is the relationship between marginal physical product and marginal cos
What is the difference between equi-marginal utility and diminishing marginal utility?Read more:What_is_the_difference_between_equi-marginal_utility_and_diminishing_marginal_utility
Specificity refers to the percentage of an investment that will be lost if the asset is switched to another use. Sunk cost is a cost that cannot be avoided once incurred. The relation between them is
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
There is a close relationship between the marginal utility and price of a commodity.The additional satisfaction from the consumption of an additional unit of the commodity is called marginal utilty. Price means the value of the goods expressed in the terms of money.Price of all units of he same goods of consumption are more or less identical.It means that the consumer pays the same price for all the units of the same goods of consumption. But marginal utility of the goods of consumption start diminishing as the consumer increase the units of consumption of the commodity.Therefore the consumer will like to pay that price for the commodity,which is equal to the marginal utility he gets from the commodity.If the price of the commodity are higher than the marginal utility he derives from the commodity he will not like to purchase the commodity. In this way there is a clod\se relation between the marginal utility and the price of the commodity.
Total product is the sum of all marginal products.
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.