short-run marginal costs
1Short-run — In economics, the concept of the short run refers to the decision making time frame of a firm in which at least one factor of production is fixed. Costs which are fixed in the short run have no impact on a firms decisions. For example a firm can… …
2Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… …
3Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …
4Long-run — In economic models, the long run time frame assumes no fixed factors of production. Firms can enter or leave the marketplace, and the cost (and availability) of land, labor, raw materials, and capital goods can be assumed to vary. In contrast, in …
5Merit Order — For other uses see Order of Merit (disambiguation) The merit order is a way of ranking available sources of energy, especially electrical generation, in ascending order of their short run marginal costs of production, so that those with the… …
6Predatory pricing — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …
7Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… …
8Perfect competition — Economics …
9Ontario electricity policy — refers to plans, legislation, incentives, guidelines, and policy processes put in place by the Government of the Province of Ontario, Canada, to address issues of electricity production, distribution, and consumption. Policymaking in the… …
10Electricity sector in Honduras — Source : World Bank, 2007 The Electricity Coverage Index by department shows great disparities. Cortes and Islas de Bahia enjoy almost a 100% household coverage, while Lempira and Intibuca only have 24.6% and 36.2% coverage respectively. World… …
