Keyword: marginal cost
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.
Advantage vs Behavior (7/7/2006)
Theory of advantage is not theory of behavior.
Aerial Predators? (6/22/2001)
Are major airlines that temporarily lower their fares to squeeze out their low-fare niche-market startup competitors guilty of predatory pricing?
Bundling (transcript) (3/27/2007)
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
Fund Raising at the Margin (9/22/2006)
The MR = MC profit maximization rule could be applied to fund raising.
Marginal Cost and Average Total Cost (11/2/2011)
Marginal cost and average total cost can be derived from the short-run total cost subject to the law of diminishing returns.
Marginal Cost and Average Total Cost (transcript) (1/29/2012)
Marginal cost and average total cost can be derived from the short-run total cost subject to the law of diminishing returns.
Marginal Cost, Average Variable Cost and Average Fixed Cost (11/2/2011)
Marginal cost, average variable cost and average fixed cost can be derived from a short-run production function subject to the law of diminishing returns.
Marginal Cost, Average Variable Cost and Average Fixed Cost (transcript) (1/29/2012)
Marginal cost, average variable cost and average fixed cost can be derived from a short-run production function subject to the law of diminishing returns.
Maximization and Optimization at the Margin (7/7/2006)
Optimizing at the margin can bring about static economic efficiency.
Metered Consumption (3/7/2007)
Resource conservation depends on who pays and the time horizon of costs vs benefits.
Pricing and economic surplus (7/7/2006)
Pricing affects how economic surplus is distributed between consumers and producers and thus the incentive and resources to come up with innovative products.
Pricing to Cost - But Which Cost? (10/13/2007)
Pricing to marginal cost may not cover fixed cost.
Profit Maximization - Total vs Marginal (11/17/2007)
Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves
Profit Maximization Under Natural Monopoly (1/23/2012)
Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.
Profit Maximization Under Natural Monopoly (transcript) (1/29/2012)
Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.
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.
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.
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.
The High-Tech Treadmill (6/22/2001)
The profit of New Economy business firms that have very high R&D fixed costs and very low marginal costs is brutally squeezed in economic downturn.
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.
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.