Page 2 of 2 FirstFirst 12
Results 11 to 12 of 12

Thread: Marginal cost: what is meaning of term "one unit"?

  1. #11
    Elite Member mmm4444bot's Avatar
    Join Date
    Oct 2005
    Location
    Seattle
    Posts
    8,548
    Thank you, Subhotosh and tkhunny. I think I now recognize the ambiguities caused, by not distinguishing between production and production rate, when defining marginal cost.

    Denis, got any spare Tylenol?
    "English is the most ambiguous language in the world." ~ Yours Truly, 1969

  2. #12
    Elite Member
    Join Date
    Apr 2005
    Location
    USA
    Posts
    8,497
    Admittedly, it is quite difficult to see any difference when your RATE is given "per day" and your accounting period is ALSO "day". Pretty much the same if those two measures match up. ANYTHING else, though, and it is much more clear.
    "Unique Answers Don't Care How You Find Them." - Many may have said it, but I hear it most from me.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •