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Marginal Utillity?
... economics, under the mainstream assumptions, the marginal utility of a good or service is the posited... to quantities not selected. Marginal utility for the quantity of the good at that point ...
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What is Marginal Price?
In economics and finance, marginal cost is the change in total cost that arises when the quantity ... that the marginal cost may change with volume, and so at each level of production, the marginal cost is the cost of the next unit produced. A typical Marginal...
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What does marginal mean in economics?
Marginal means, "as concerns each additional unit" of whatever it ...a day, and the boss offers him one hour of over-time, the question of marginal utility that the worker would have to consider, is whether $30 is worth it...
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What is a marginal sea ?
Marginal seas, which separate coastal zones from open oceans, often exist as large indentations... Seas (Barents, Kara, Laptev, and East Siberian). Marginal seas are similar to open oceans with respect to being created by large-scale...
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What situation does the marginal (MC) cost equal the average variable cost (AVC)?
Marginal Cost equals Average Variable Cost at the...average in a class, and then you get a 70% on a test - your average would fall (the marginal grade - the 70% - is below your average, so your average falls...
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How to find marginal cost when average cost and output is given?
How to calculate marginal cost: Marginal cost is calculated by dividing the...as well as some investment and payroll techniques. How to calculate marginal cost? The marginal cost of production is the increase in total cost as a result...
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Calculation of Marginal tax rate?
The marginal tax rate is the rate on the last dollar of income earned. This...income of $1,000 and the state and local rates may also increase. Your marginal federal income tax rate would now be at 28%. In your example the...
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Does marginal cost change when more people start doing something?
Marginal cost to whom? If you are going to do something you and your friends have never...need (so you may not have to order online), etc. So yes, when more people start doing something, you can expect the marginal cost for the next person to start to go down. In the same sense, it doesn't cost twice as much to vaccinate 20 people...
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Marginal profit question?
marginal profit: P '(x) = -45x^2 + 300x + 300 Maximize marginal profit by taking derivative of marginal profit and setting it equal to zero...
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What is meant by the “marginal product of labor”?
Marginal product of labor is the amount of extra production that will result from adding...and the total output becomes 19 units. That workers marginal product of labor would be 3 (because 19 - 16 = 3) As a firm increase labor employment...
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