Definitions
Wiktionary
- n. The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output. Additional cost associated with producing one more unit of output.
GNU Webster's 1913
- n. (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the
marginal cost is almost aways less than the total per-unit cost of production averaged over all units produced.
WordNet 3.0
- n. the increase or decrease in costs as a result of one more or one less unit of output
Examples
“But when you get this problem of these diseasesthis sounds like an awful thing to saybut when diseases affect both rich and poor countries, trickle-down will eventually work for the poorest, because the high cost of development is recovered in the rich world and then, as they go off patent, theyre sold for marginal cost to the poor, and everybody benefits.”
“And because we make a product whose marginal cost of production is very lowsoftwareand because information empowerment is so directly what were about, its not a stretch in any way, the idea that we go into over one hundred countries and do these things where we donate massive amounts of software.”
Lists
These user-created lists contain the word ‘marginal cost’.
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ITRE - energy - general terms
above-market cost, access charge, actual peak load ..., affiliate, affiliated power ..., after-market, aggregation, aggregator, Alternating Curre..., Ampere, ancillary services, annual effects and 453 more...
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ENVI - Collocations MNOPQ
macaw shipment, macerate sewage s..., macerate sewage s..., machine code, machine cycle, machine language, machine making, machine manufacture, machine rate, machine time, macroeconomic goal, macroeconomic policy and 5152 more...
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AGRI - sugar sector
Terms used in the EU's Common Agricultural Policy referring to policy issues in the sugar sector.
HU translations: arable crops, bioethanol distil..., bioethanol outlet, cereals, chicory, common market org..., Everything But Ar..., energy crops, export refund, Generalised Syste..., intervention price, inuline syrup and 83 more... -
Econ001
ew
perfect competition, production possib..., externality, market demand, marginal cost, marginal benefit, oligopoly
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the art/science of economics
Because economics kicks ass.
marginal revenue, marginal cost, entrepreneurship, oligopoly, monopolistic comp..., elasticity, kinked demand curve, gross domestic pr..., means of production, economic determinism, average variable ..., marginal social cost and 19 more...
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