Similar words: marginal, marginally, marginal land, marginalize, margin, profit margin, spinal cord, at all costs. Meaning: n. the increase or decrease in costs as a result of one more or one less unit of output.
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1. Nationalized industries were directed to adopt marginal cost pricing.
2. Free market equilibrium will not equate marginal cost and marginal benefit and there will be scope for Pareto gains.
3. Large economies of scale mean that marginal cost lies below average cost.
4. The marginal cost of capital is the discount rate that should be used in making capital budgeting decisions.
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5. This marginal cost will, of course, also increase the average cost, but the average cost will increase more slowly.
6. And a difference between price and marginal cost can make behavior very different from that in a perfectly competitive model.
7. Social efficiency requires that prices be close to marginal cost but this will imply losses for the natural monopolist.
8. Pricing at marginal cost might equate marginal cost and benefit but would entail losses.
9. If we can measure the marginal cost directly, we can infer the implicit marginal benefit from saving life through that activity.
10. Competition will drive the price down near to the marginal cost .
11. Presumably, the rational shareholder would do this up to the point at which marginal benefit was equated with marginal cost.
12. As more capital is raised, the cost increases at the margin, increasing the marginal cost in increments.
13. Any new in-house benefits an employer provides should be computed on a marginal cost basis.
14. Therefore price competition between them for the right to sell to the retailers would drive price to marginal cost.
15. The average cost then increases at a slower rate and eventually approaches the marginal cost.
16. The allowances can be diminished for later children[sentencedict.com], on the grounds that the marginal cost goes down.
17. This will result in a downward displacement of the marginal cost curve from to.
18. The profit-maximizing policy involves setting marginal revenue equal to marginal cost.
19. In other words, the Lords said, Parliament intended that teachers should be taxed only on the marginal cost.
20. But when films are taxed we have just seen that the marginal social benefit of another film exceeds its marginal cost.
21. But when the average cost curve is falling the marginal cost curve lies below average cost.
22. This excess of price over both marginal revenue and marginal cost is a convenient measure of the firm's monopoly power.
23. In this way we get closer to the efficient solution in which the marginal cost of pollution reduction is equalized across firms.
24. This is reflected in the model by a declining marginal cost curve.
25. The market ensures that the price equals the marginal benefit and the marginal cost, and hence equates the two.
26. In turn this will move producers back down their marginal cost curves and alter the net-of-tax price producers require.
27. The equilibrium price or insurance premium would equate the marginal cost and marginal benefit of risk-bearing.
28. The capital stock should be increased if the marginal social benefit exceeds the long-run marginal cost inclusive of the capital charge.
29. The model is one of monopolistic competition, in which each firm has a declining cost curve, although constant marginal cost.
30. To sum up, prices should be set at short-run marginal cost.
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