Keyword: diminishing returns

A Matter of Costs (9/11/2007)

The rate at which variable cost changes in the short run is related to the nature of the fixed cost.

Keywords: AFC, ATC, AVC, average fixed cost, average total cost, average variable cost, capacity constraint, diminishing returns, efficiency maximization, increasing returns, marginal cost, MC, power generation, profit maximization

Profit Maximization Under Single Pricing (transcript) (1/20/2012)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR = MC, price searcher, profit maximization, single pricing

Profit Maximization under Single Pricing (transcript) (1/29/2012)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR=MC, price searcher, profit maximization, single pricing

Profit maximization under single pricing (11/2/2011)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR=MC, price searcher, profit maximization, single pricing

The Snowball Effect (11/9/2001)

Knowledge-based industries subject to increasing returns because of high R&D fixed costs and low variable costs naturally tend to monopolize the market.

Keywords: Adam Smith, avalanche, diminishing returns, fixed cost, increasing returns, lock in effect, marginal cost, natural monopoly, negative feedback, network externality, operating system, positive feedback, R&D, snowball effect, software

Variety Is the Spice of Life? (7/27/2000)

Thanks to the law of diminishing marginal utility, couples in a heated love relationship manages to divert exclusive time spent together to other higher yielding activities.

Keywords: diminishing marginal utility, diminishing returns, love, satisfaction, variety