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Author : Ralph Turvey
Publisher : Ralph Turvey
ISBN 13 : 185790074X
Total Pages : 53 pages
Book Rating : 4.8/5 (579 download)
Download or read book What are Marginal Costs and how to Estimate Them? written by Ralph Turvey and published by Ralph Turvey. This book was released on 2000 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lynne Pepall
Publisher : John Wiley & Sons
ISBN 13 : 1119184401
Total Pages : 336 pages
Book Rating : 4.1/5 (191 download)
Download or read book Microeconomics For Dummies written by Lynne Pepall and published by John Wiley & Sons. This book was released on 2016-01-14 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!
Author : Patrick M. Emerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.:/5 (661 download)
Download or read book Marginal Cost written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Marginal Cost In the field of economics, the marginal cost refers to the change in the overall cost that occurs when the quantity produced is increased. In other words, the marginal cost is the cost of creating additional inventory. Sometimes it is used to refer to an increase of one unit of output, while other times it is used to refer to the rate of change in total cost as output is increased by an infinitesimal amount. Both of these meanings are applicable in certain situations. The marginal cost is the slope of the total cost, which is the rate at which it increases with output. Figure 1 illustrates that the marginal cost is measured in dollars per unit, but the total cost is measured in dollars. There is a distinction between the marginal cost and the average cost, which is calculated by dividing the total cost by the number of units produced. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal cost Chapter 2: Perfect competition Chapter 3: Supply and demand Chapter 4: Profit maximization Chapter 5: Break-even (economics) Chapter 6: Production function Chapter 7: Average cost Chapter 8: Marginal product Chapter 9: Diminishing returns Chapter 10: Economic cost Chapter 11: Marginal revenue Chapter 12: Marginal revenue productivity theory of wages Chapter 13: Cost curve Chapter 14: Total cost Chapter 15: Average variable cost Chapter 16: Average fixed cost Chapter 17: Long run and short run Chapter 18: Supply (economics) Chapter 19: Minimum efficient scale Chapter 20: Shutdown (economics) Chapter 21: Marginal product of labor (II) Answering the public top questions about marginal cost. (III) Real world examples for the usage of marginal cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Cost.
Author : Jeremy Rifkin
Publisher : Macmillan + ORM
ISBN 13 : 1137437766
Total Pages : 344 pages
Book Rating : 4.1/5 (374 download)
Download or read book The Zero Marginal Cost Society written by Jeremy Rifkin and published by Macmillan + ORM. This book was released on 2014-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Zero Marginal Cost Society,New York Times bestselling author Jeremy Rifkin describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism. Rifkin uncovers a paradox at the heart of capitalism that has propelled it to greatness but is now taking it to its death—the inherent entrepreneurial dynamism of competitive markets that drives productivity up and marginal costs down, enabling businesses to reduce the price of their goods and services in order to win over consumers and market share. (Marginal cost is the cost of producing additional units of a good or service, if fixed costs are not counted.) While economists have always welcomed a reduction in marginal cost, they never anticipated the possibility of a technological revolution that might bring marginal costs to near zero, making goods and services priceless, nearly free, and abundant, and no longer subject to market forces. Now, a formidable new technology infrastructure—the Internet of things (IoT)—is emerging with the potential of pushing large segments of economic life to near zero marginal cost in the years ahead. Rifkin describes how the Communication Internet is converging with a nascent Energy Internet and Logistics Internet to create a new technology platform that connects everything and everyone. Billions of sensors are being attached to natural resources, production lines, the electricity grid, logistics networks, recycling flows, and implanted in homes, offices, stores, vehicles, and even human beings, feeding Big Data into an IoT global neural network. Prosumers can connect to the network and use Big Data, analytics, and algorithms to accelerate efficiency, dramatically increase productivity, and lower the marginal cost of producing and sharing a wide range of products and services to near zero, just like they now do with information goods. The plummeting of marginal costs is spawning a hybrid economy—part capitalist market and part Collaborative Commons—with far reaching implications for society, according to Rifkin. Hundreds of millions of people are already transferring parts of their economic lives to the global Collaborative Commons. Prosumers are plugging into the fledgling IoT and making and sharing their own information, entertainment, green energy, and 3D-printed products at near zero marginal cost. They are also sharing cars, homes, clothes and other items via social media sites, rentals, redistribution clubs, and cooperatives at low or near zero marginal cost. Students are enrolling in free massive open online courses (MOOCs) that operate at near zero marginal cost. Social entrepreneurs are even bypassing the banking establishment and using crowdfunding to finance startup businesses as well as creating alternative currencies in the fledgling sharing economy. In this new world, social capital is as important as financial capital, access trumps ownership, sustainability supersedes consumerism, cooperation ousts competition, and "exchange value" in the capitalist marketplace is increasingly replaced by "sharable value" on the Collaborative Commons. Rifkin concludes that capitalism will remain with us, albeit in an increasingly streamlined role, primarily as an aggregator of network services and solutions, allowing it to flourish as a powerful niche player in the coming era. We are, however, says Rifkin, entering a world beyond markets where we are learning how to live together in an increasingly interdependent global Collaborative Commons.
Author : Clayton M. Christensen
Publisher : Harvard Business Review Press
ISBN 13 : 1633692574
Total Pages : 26 pages
Book Rating : 4.6/5 (336 download)
Download or read book How Will You Measure Your Life? (Harvard Business Review Classics) written by Clayton M. Christensen and published by Harvard Business Review Press. This book was released on 2017-01-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the spring of 2010, Harvard Business School’s graduating class asked HBS professor Clay Christensen to address them—but not on how to apply his principles and thinking to their post-HBS careers. The students wanted to know how to apply his wisdom to their personal lives. He shared with them a set of guidelines that have helped him find meaning in his own life, which led to this now-classic article. Although Christensen’s thinking is rooted in his deep religious faith, these are strategies anyone can use. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Author : Roger L. Conkling
Publisher : Routledge
ISBN 13 : 1317465229
Total Pages : 249 pages
Book Rating : 4.3/5 (174 download)
Download or read book Marginal Cost in the New Economy: A Proposal for a Uniform Approach to Policy Evaluations written by Roger L. Conkling and published by Routledge. This book was released on 2015-04-29 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an approach for resolving a variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currenly employed to measure the costs and benefits of disputed policy issues.
Author : Mitchell Franklin
Publisher :
ISBN 13 : 9781680922943
Total Pages : 746 pages
Book Rating : 4.9/5 (229 download)
Download or read book Principles of Accounting Volume 2 - Managerial Accounting written by Mitchell Franklin and published by . This book was released on 2019-02-14 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Author : Malcolm Pemberton
Publisher : Manchester University Press
ISBN 13 : 1526173522
Total Pages : 1118 pages
Book Rating : 4.5/5 (261 download)
Download or read book Mathematics for economists written by Malcolm Pemberton and published by Manchester University Press. This book was released on 2023-11-10 with total page 1118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a self-contained treatment of all the mathematics needed by undergraduate and masters-level students of economics, econometrics and finance. Building up gently from a very low level, the authors provide a clear, systematic coverage of calculus and matrix algebra. The second half of the book gives a thorough account of probability, dynamics and static and dynamic optimisation. The last four chapters are an accessible introduction to the rigorous mathematical analysis used in graduate-level economics. The emphasis throughout is on intuitive argument and problem-solving. All methods are illustrated by examples, exercises and problems selected from central areas of modern economic analysis. The book's careful arrangement in short chapters enables it to be used in a variety of course formats for students with or without prior knowledge of calculus, for reference and for self-study. The preface to the new edition and full table of contents are available from https://www.manchesterhive.com/page/mathematics-for-economists-supplementary-materials
Author : Randall S. Brown
Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (796 download)
Download or read book Estimating Marginal Costs for Multi-product Regulated Firms written by Randall S. Brown and published by . This book was released on 1976 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joel Hass
Publisher : Addison Wesley Publishing Company
ISBN 13 : 9780321350145
Total Pages : 0 pages
Book Rating : 4.3/5 (51 download)
Download or read book University Calculus written by Joel Hass and published by Addison Wesley Publishing Company. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This streamlined version of ‘Thomas’ Calculus’ provides a faster-paced, precise and accurate presentation of calculus for a college-level calculus course. ‘University Calculus’ covers both single variable and multivariable calculus and is appropriate for a three semester or four quarter course.
Author : Monica Greer
Publisher : Elsevier
ISBN 13 : 0123854660
Total Pages : 369 pages
Book Rating : 4.1/5 (238 download)
Download or read book Electricity Marginal Cost Pricing written by Monica Greer and published by Elsevier. This book was released on 2012-03-13 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packed with case studies and practical real-world examples, Electricity Marginal Cost Pricing Principles allows regulators, engineers and energy economists to choose the pricing model that best fits their individual market. Written by an author with 13 years of practical experience, the book begins with a clear and rigorous explanation of the theory of efficient pricing and how it impacts investor-owned, publicly-owned, and cooperatively-owned utilities using tried and true methods such as multiple-output, functional form, and multiproduct cost models. The author then moves on to include self-contained chapters on applying estimating cost models, including a cubic cost specification and policy implications while supplying actual data and examples to allow regulators, energy economists, and engineers to get a feel for the methods with which efficient prices are derived in today’s challenging electricity market. A guide to cost issues surrounding the generation, transmission, and distribution of electricity Clearly explains cost models which can yield the marginal cost of supplying electricity to end-users Real-world examples that are practical, meaningful, and easy to understand Explans the policy implications of each example Provide suggestions to aid in the formation of the optimal market price
Author : Ritchie
Publisher : John Wiley & Sons
ISBN 13 : 111971639X
Total Pages : 432 pages
Book Rating : 4.1/5 (197 download)
Download or read book Circular Economy For Dummies written by Ritchie and published by John Wiley & Sons. This book was released on 2021-04-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Circular Economy Re-imagine the future of economics and society Are you excited about a regenerative, efficient, and waste-free future? You should be! The circular economy is making short work of old-school (and wasteful) ways of thinking. Players in the circular economy are re-imagining business processes and material lifecycles to reduce waste, improve efficiency, and make their families’ futures brighter and more prosperous. You’ll learn to transform the way you live and work and feel great about being part of the solution to many of the world’s energy and environmental problems. Inside... Why Take-Make-Waste is outdated Finding opportunity in ecology The 6 R’s of circular economies Rethinking material lifecycles Turn trash into treasure Creating careers in circularity Why circular ideas are healthier Make, use, reuse, repair and recycle
Author : Robert Ernest Hall
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 (9 download)
Download or read book The Relation Between Price and Marginal Cost in U.S. Industry written by Robert Ernest Hall and published by . This book was released on 1986 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of data on labor input and the quantity of output reveals that most U.S. industries have marginal costs far below their prices. The corilusion rests on the empirical finding that cyclical variations in labor input are small compared to variations in output. In booms, firms produce substantially more output and sell it for a price that exceeds the costs of the added inputs. The paper documents the disparity between price and marginal cost, where marginal cost is estimated from variations in cost from one year to the next. It considers a wide variety of explanations of the flndings that are consistent with competition, but none is found to be plausible.
Author : Joel Dean
Publisher :
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.:/5 (43 download)
Download or read book Statistical Cost Estimation written by Joel Dean and published by . This book was released on 1976 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nancy L. Rose
Publisher : University of Chicago Press
ISBN 13 : 022613816X
Total Pages : 619 pages
Book Rating : 4.2/5 (261 download)
Download or read book Economic Regulation and Its Reform written by Nancy L. Rose and published by University of Chicago Press. This book was released on 2014-08-29 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author : Christopher Nash
Publisher : Elsevier
ISBN 13 : 9780080456034
Total Pages : 352 pages
Book Rating : 4.4/5 (56 download)
Download or read book Measuring the Marginal Social Cost of Transport written by Christopher Nash and published by Elsevier. This book was released on 2005-10-20 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many transport economists have for some time proposed marginal social cost as the principle on which prices in the transport sector should be based and, in recent years, their prescription has come to be taken more and more seriously by policy-makers. However, in order to properly test the possible implications of implementing pricing based on marginal social cost and, ultimately, to introduce such a system, it is necessary to actually measure the marginal social costs concerned, and how they vary according to mode, time and context. This book reviews the transport pricing policy debate and reports on the significant advances made in measuring the marginal social costs of transport, particularly through UNITE and other European research projects. We look in turn at infrastructure, operating costs, user costs (both of congestion and of charges in frequency of scheduled transport services) accidents and environmental costs, and how these estimates have been used to examine the impact of marginal cost pricing in transport. We finish by examining how the results of case studies might be generalised to obtain estimates of marginal social costs for all circumstances and, finally, presenting our conclusions.
