3.(Economics) a.the amount paid for a commodity by its seller:to sell at cost. b.(as modifier):the cost price. 4.(Law) (plural)lawthe expenses of judicial proceedings 5.at any costat all costsregardless of cost or sacrifice involved ...
In economics, the so-called "marginal revolution" was, in fact, not marginal at all since it fundamentally changed how we think about economic value. Figures like Carl Menger and Alfred Marshall in the latter half of the 19th century shifted economics' focus from the total utility of goods t...
The real rate of return on an interest-bearing account is the nominal interest rate MINUS the rate of inflation. The stated interest rate is just the “nominal” rate, meaning “in name only” – i.e., not the REAL rate being earned. Factors Affecting Interest Rates 1. Forces of demand...
1. the price paid or required for acquiring, producing, or maintaining something, usually measured in money, time, or energy; expense or expenditure; outlay 2. suffering or sacrifice; loss; penalty: count the cost to your health; I know to my cost. 3. (Economics) a. the amount paid...
Home›Economics›Macroeconomics›What is a Marginal Cost? Definition:Marginal cost is the additional cost incurred for the production of an additional unit of output. The formula is calculated by dividing the change in the total cost by the change in the product output. ...
that unemployment level, construction output, industrial production, and ratio of price to cost indices in manufacturing are consistent leading indicators of co... A Akintoye,P Bowen,C Hardcastle - 《Construction Management & Economics》 被引量: 80发表: 1998年 Correlating the chemical engineering pl...
I was in an economics class, and my professor asked us to pretend to be the business owner of an airline. On one specific flight, you only had 100 of the 200 seats booked. Would you lower the price of the remaining seats to get them filled? What is the consequence of doing this or...
(meaning the costs of management, and sales and purchase overhead costs as general production costs) it is often difficult to assign general costs objectively to particular products. This leads to an improperly defined and imprecise cost price, which in turn often incurs disadvantageous business ...
In the parlance of economics, there are two kinds of profit which may be determined for a firm or individual, namely, accounting profit and economic profit. The accounting takes into account all the explicit costs while the economic profit considers both explicit costs and implicit costs....
New entrants are radically redefining the meaning of high performance, and the gap for incumbents will soon be insuperable. A step change in unit costs is a must for insurers who wish to remain competitive. Insurers must consider the changes under way, projections of model insurers’ cost ...