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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