Marginal cost is defined as the change of total cost when producing one more unit of energy (e.g. 1 MWh). In the short-term, the capacity of the energy system is fixed, the short-term marginal cost only includes the operating costs of the existing infrastructure, without any additional ...
For example, the economic decision of a physician practice to expand or reduce a particular service in response to a change in fixed payment rates will depend on the marginal cost of producing that service. Average Costs Average cost is defined as the total cost of production divided by the ...
However, as production volume approaches the facility's capacity, these efficiency gains begin to taper off. The business starts encountering bottlenecks and constraints. Maybe the machinery needs more frequent maintenance, workers need overtime pay, or storage space becomes scarce. The marginal cost c...
A. total cost divided by output. B. the increase in total cost divided by the increase in output. C. the increase in total cost divided by the increase in labor, given the amount of capital. D. total cost minus total fixed cost. ...
题目As output increases, total cost also increases. Therefore: A. marginal cost is increasing. B. marginal cost is positive. C. average fixed costs are increasing. D. all of the above 相关知识点: 试题来源: 解析 答案:B 反馈 收藏
The total cost is the cost that a company incurs in the production of a given level of its output. It includes both the variable costs and fixed costs. Answer and Explanation:1 The marginal cost is the value of each unit produced. It represents the change in the total cost...
The marginal cost is a simple application of the concept of differentiation. We would find that the marginal cost reflects the change in the cost at a certain production level, wherein it intuitively tells that this parameter is the derivative of the actual cost fu...
Marginal utility is useful in explaining how consumers make choices to get the most benefit from their limited budgets. In general, people will continue consuming more of a good as long as the marginal utility is greater than themarginal cost. In an efficient market, the price equals the margi...
If average variable cost decreases as output increases, then: A. marginal cost is negative. B. marginal cost is decreasing. C. marginal cost is less than average variable cost. D. marginal cost is greater than average variable cost. 相关知识点: 试题来源: 解析 答案:C 反馈 收藏 ...
Answer to: The change in total cost from producing another unit of output equals the A. marginal cost. B. variable cost. C. average total cost. D...