Question: What is marginal cost Explain with an example.

What is marginal cost Explain with an example.

Step by Step Solution

★★★★★

3.44 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

In economics the marginalcost of production is the change in total production cost that comes from making or producing one additional unit To calculate marginal cost divide the change in production co... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Explain with an example the difference between dependent and independent demand.

Explain with an example the difference between current liabilities, provisions and contingent liabilities .

With reference to Example 3.20, find (a) the marginal distribution function of X, that is, the function given by G(x) = P(X F x) for - Answered: 1 week ago

Carbon has the electron configuration 1s 2s2p. The two unpaired electrons in the n = 2 level suggests that carbon will form two bonds. We know, however, that carbon forms four bonds in most compounds...

Multiple jobs can run in parallel and finish faster than if they had run sequentially. Suppose that two jobs, each needing 20 minutes of CPU time, start simultaneously. How long will the last one...

The Great Graphics Group began operations on January 1, 2010. At the end of its second year of operations, and before any adjustments had been made, the trial balance was as follows: Analysis reveals...

=+c) How does the upper limit compare to the upper limit in Exercise 7, part c? Chapter Exercises

The senior management of Calvin Company has proposed the following three performance measures for the company: 1. Net income as a percent of stockholders equity 2. Revenue growth 3. Employee...

The formula used to find the sales revenue (sales in dollars) needed in order to break even or generate a target profit is O A. (fixed expenses + operating income) - contribution margin ratio. O B....

On January 1, 2010, Cayce Corporation acquired 100 percent of Simbel Company for consideration paid of $126,000, which was equal to fair value. Cayce is a U.S.-based company headquartered in Buffalo,...

Shared memory pages are an example of a topic where a picture is worth a thousand words. Find at least one illustration in Google Images by entering the search key "shared memory pages" in the search...

Simple expected value calculations are at the heart of Kahneman and Tversky's prospect theory. Calculate the expected value of the following gamble. You are playing the following game: draw a card...

From the following data prepare a statement of cost of goods manufactured and cost of goods sold of Popular Stoves Manufacturing Co. for the year 2011: Rs. Stock of materials on 1-1-201135,000 Stock...

Reflect on your learning experience and course resources and answering the following. Note that this is not a research project and would expect either your personal thoughts or SYST 3 0 0 2...

1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage...

1. Find and describe a real-world example of a method for enhancing the bond strength between different phases of a composite. Include the materials system, the details of the technique being used...

kindly provide me the working solution Question 2: Michael O'Connor is a sole trader. He is preparing his accounts for the year ended 31 December 2018. For the year ended 31 December 2017, his...

DC has unused FTC carryover from 2017 in the separate category for GC income as the result of income generated by a foreign branch. The income was foreign source general category income. In 2018 the...

List and explain six factors that affect the decision to outsource. Explain the sourcing continuum.

Explain how simplification and standardization can improve designs. How does modular design differ from standardization?

Explain the basic steps involved in process innovation.

University Technologies, Inc. (UTI) has a current capital structure consisting of 10 million shares of common stock, $200 million of first-mortgage bonds with a coupon interest rate of 13 percent,...

Access the Thomson consensus earnings forecast report for Mylan Laboratories using data available at www.yahoo.com. From the Yahoo main screen, select Finance. On the next screen enter the ticker...

Go to the website of the Bureau of Labor Statistics (http://www.bls.gov). What is the national unemployment rate right now? Find the unemployment rate for the demographic group that best fits a...

Question: What is marginal cost Explain with an example.

Step by Step Solution

Students Have Also Explored These Related Economics Questions!

Related Book