Psychology Dictionary of ArgumentsHome
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| Marginal costs - Psychology Dictionary of Arguments | |||
| Marginal costs: Marginal cost is the cost incurred by producing one additional unit of a good or service. It is a critical concept in economics and business for determining the optimal production level and pricing strategies. Marginal cost includes all variable costs associated with production, such as materials and labor, and influences decisions on whether to expand or reduce production. See also Marginal utility, Marginal return, Price, Efficiency._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Hotelling, Harold | Marginal costs | Hotelling, Harold | |
| Ricardo, David | Marginal costs | Ricardo, David | |
| Rothbard, Murray N. | Marginal costs | Rothbard, Murray N. | |
| Sraffa, Piero | Marginal costs | Sraffa, Piero | |
| Wittman, Donald | Marginal costs | Wittman, Donald | |
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Ed. Martin Schulz, access date 2025-04-28 | |||
