Keyword: average cost
Mickey Mouse Economics (10/26/2002)
By spreading out large fixed cost over more customers, price discrimination directly increases Disney World's profit.
Keywords: average cost, Disney World, economies of scale, fixed cost, mickey mouse, price discount, price discrimination, profit
Untangling Marginal vs Average Value (9/22/2006)
When average value is falling, marginal value is below it. And when average value is rising, marginal value is above it.
Keywords: average cost, average grade, marginal cost, marginal grade