marginal cost


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Noun1.marginal cost - the increase or decrease in costs as a result of one more or one less unit of output
monetary value, price, cost - the property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection"
References in periodicals archive ?
Nason and Smith also discuss the finding that the estimated coefficient on marginal cost tends to be small and barely significant.
Keywords: Forward-looking, Real Marginal Cost, Hybrid New Keynesian Phillips Curve
The marginal cost of increasing soil carbon by discontinuing crop production is higher than carbon dioxide credits currently trade for in Europe ($47 per metric ton [$43 per ton]).
Short-run marginal cost curves are based on resource constraints which are binding in the short run but not in the long run.
Thus, the efficient level of pollution abatement sets the marginal cost of pollution control equal to the marginal damage of the pollution emitted.
effectively compel marginal cost pricing, and would frustrate entry into
The bank has said that it has revised the marginal cost based lending rate (MCLR) for three loan tenures.
"New Oil Order is in fact earlier and more forceful than initially expected, requiring a lower marginal cost to balance the oil market in 2019 than in 2018 given: (1) higher inventory levels to start the year, (2) weaker than previously expected demand growth expectations (even at our above consensus forecasts), (3) the lack of shale cost inflation in 2018 and its persistent beat, (4) a greater than initially expected increase in Permian offtake capacity, (5) increased low-cost production capacity, and (6) the delayed ramp-up of long-cycle projects in Brazil and Canada," said the company.
Thus, the marginal cost of satisfying a 1-kilowatt of shortage can mean constructing an entire 600 MW power plant.
For each unit originally manufactured at a marginal cost of mc, the proportion that will need to be repaired or replaced is (1 - R), and the cost per unit of doing so is z mc.
The presence of increasing marginal cost among exporters matters as it represents an additional channel through which shocks are transmitted globally.
The RBI said, " The guidelines are also expected to ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks." The marginal cost of fundsbased lending rate ( MCLR) will be a tenor- linked internal benchmark and actual lending rates will be determined by adding the components of spread to the MCLR.

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