How To Use Marginal cost In A Sentence
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This will result in a downward displacement of the marginal cost curve from to.
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American exporters generally seem to pay less attention to markup pricing over marginal costs than Australian exporters.
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Equating marginal cost and marginal revenue, each firm will produce an output at which price exceeds marginal cost.
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Pricing below average or marginal cost might occur as part of a predatory strategy to achieve or maintain market dominance.
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Real wages increased only slowly, probably not sufficiently to counter the precipitate decline of the handwork trades and the high marginal costs of urban life.
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Thus short-run marginal costing rather than LRMC is the appropriate pricing strategy.
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Any new in-house benefits an employer provides should be computed on a marginal cost basis.
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However, the analysts suggested that the nickel market is expected to be relatively tight in the years to come, with a long-term price forecast of $9 / lb, which is closer to the marginal cost of production.
Mineweb - Daily news headlines
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This is reflected in the model by a declining marginal cost curve.
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What you and others fail to grasp is the cost of recording the song should be included in the marginal cost.
Matthew Yglesias » The Futile Struggle Against Free Content
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That is the quantity of extra resources that a competitive industry would use because it has higher average and marginal costs.
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The reason this argument is absurd is that it totally ignores the main argument for increasing out-of-pocket health care costs: that people use too much expensive health care when the marginal cost of care is very low.
Privatizing Defense vs. Socializing Medicine, Arnold Kling | EconLog | Library of Economics and Liberty
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Therefore, if unrestricted competition forced price to equal marginal cost in core industries, it would eventually lead to a raft of bankruptcies.
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Using mechanism design theory and marginal cost pricing theory, an incentive compatible bidding mechanism is introduced for power generation competition in electricity markets.
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They can sell to Canada at close to marginal cost and cannibalize profitable sales in the US; or they can let Canadian generic manufacturers do it for them.
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When a firm is engaged in production, marginal costs and average costs will rise with output.
International Finance: The markets and financial management of multinational business.
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Perfect short-run marginal cost pricing in such a situation would have prohibitive administrative costs and might not achieve its aims because consumers would not have time to understand and react to the continually varying prices.
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The reproducibility of land was physically improbable and entailed prohibitively high marginal costs in all but exceptional circumstances.
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Whether or not they also engage in monopolistic pricing is still up for debate (remember that software has extremely low marginal costs).
Bundling II, Arnold Kling | EconLog | Library of Economics and Liberty
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Presumably, the rational shareholder would do this up to the point at which marginal benefit was equated with marginal cost.
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Similarly, accurate estimates of the marginal costs of production are often very difficult to obtain.
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From theoretical mean the marginal cost to the marginal revenue is the enterprise profit maximization principle.
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Secondly, marginal cost pricing in natural monopoly does not necessarily require a subsidy.
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Explain how you can use the areas under the average and marginal cost curves to compute total, total variable, and fixed costs.
Microeconomics: Price Theory in Practice
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The marginal cost of capital is the discount rate that should be used in making capital budgeting decisions.
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We must distinguish between average cost, marginal cost, and average marginal cost.
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This excess of price over both marginal revenue and marginal cost is a convenient measure of the firm's monopoly power.
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For such goods, initial capital costs tend to be high, while the marginal cost of adding an additional user remains low until the capacity constraint is approached.
Regulatory Pollution, Arnold Kling | EconLog | Library of Economics and Liberty
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Explain how you can use the areas under the average and marginal cost curves to compute total, total variable, and fixed costs.
Microeconomics: Price Theory in Practice
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Similarly, accurate estimates of the marginal costs of production are often very difficult to obtain.
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Calculations of the social marginal costs and benefits of cutting back pollution tend to be conspicuous by their absence.
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The monopolist produces an output Q M at a price P M thus equating marginal cost and marginal revenue.
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Similarly, accurate estimates of the marginal costs of production are often very difficult to obtain.
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If the marginal cost of reproduction of a digital good is near zero, that means almost everyone should have it for almost no charge.
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In time the marginal benefits definitely outweighed the marginal costs.
Times, Sunday Times
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In the latter, price is driven down to marginal cost.
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For example, an input may be priced at above marginal cost in a situation where there are variable proportions in production.
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He was the sole price setter, free to set marginal revenue equal to marginal cost, and free to set price far above marginal cost.
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Calculations of the social marginal costs and benefits of cutting back pollution tend to be conspicuous by their absence.
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Regardless of what a song “should” cost based on how you divvy up the expenses made in making the first copy is not the same as Marginal Cost.
Matthew Yglesias » The Futile Struggle Against Free Content
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For example, an input may be priced at above marginal cost in a situation where there are variable proportions in production.
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The most convincing response: Because the assumption is a very close approximation to the truth, so the marginal benefits of increased accuracy are less than the marginal costs of increased complexity.
Can You Save Egalitarianism By Making It "Analytical"?, Bryan Caplan | EconLog | Library of Economics and Liberty
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Wherever price exceeds marginal cost what it costs to produce the last unit of production, resources flow frictionlessly into that industry, until the price is driven down, and all producers are earning zero profits at the margin.
Regulation: Sacrifice of the Intellect
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Prices are not competitive, in the economist's sense, as soon as they rise above marginal cost.
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Market prices serve well if there is no strong reason to believe they depart from social marginal costs.
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If we can measure the marginal cost directly, we can infer the implicit marginal benefit from saving life through that activity.
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In this paper, the theme of the peak pricing of the railway passenger transport is analyzed based on marginal cost theory, and the specific price level of...
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In turn this will move producers back down their marginal cost curves and alter the net-of-tax price producers require.
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It argues that charging policy, based on marginal cost pricing, is economically efficient, and facts show that relevant principles are more widely accepted by airport operators.
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If he is rational, he will choose a price that maximizes his profit, the price that equates marginal cost with marginal revenue.
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But when the average cost curve is falling the marginal cost curve lies below average cost.
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The equilibrium price or insurance premium would equate the marginal cost and marginal benefit of risk-bearing.
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Both marginal cost curve and marginal income curve determine the degree of fragment and spatial reorganization of global value chain.
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Your marginal costs are also society's marginal costs, but society's marginal benefits exceed your own.
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Presumably, the rational shareholder would do this up to the point at which marginal benefit was equated with marginal cost.
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Telephone networks are digital, and the marginal cost of providing a call is negligible.
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Explain how you can use the areas under the average and marginal cost curves to compute total, total variable, and fixed costs.
Microeconomics: Price Theory in Practice
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Given an industrial structure with sufficient fixed costs, competition always became "ruinous," forcing firms to cut prices to marginal cost without sufficient revenue remaining to pay off investment.
Hovenkamp on The Neoclassical Crisis in U.S. Competition Policy, 1890-1955
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The marginal cost of filling an empty seat on a plane that's going anyway is almost nothing.
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Perhaps only the more thoughtful users care enough to submit and upvote links, so the marginal cost of one random new user approaches zero.
What I've Learned from Hacker News
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In this way we get closer to the efficient solution in which the marginal cost of pollution reduction is equalized across firms.
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Explain how you can use the areas under the average and marginal cost curves to compute total, total variable, and fixed costs.
Microeconomics: Price Theory in Practice
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Presumably, the rational shareholder would do this up to the point at which marginal benefit was equated with marginal cost.
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Figure 15-3 shows that at the equilibrium point E the marginal utility of the last film equals its marginal cost.
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The market ensures that the price equals the marginal benefit and the marginal cost, and hence equates the two.
