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the marginal reduction in remaining reserves(passive) caused bymarginal cost
that a firm will select its outputto setmarginal cost equal to price
that a rational firm can be expectedto setprice at marginal cost
in equilibrium firmswould setprice to marginal cost
This bifurcation – the huge fixed costs versus the negligible marginal costs – vitiates the rulesetprice at marginal cost
The optimal subsidy and taxation scheme to remedy these distortions resulting from the monopolistic competition structure ... a lump - sum taxresultsin marginal cost pricing
at which the government requires monopoliesto setprice at marginal costs
near the marginal cost required to produce an item(passive) are setMarginal cost pricing prices
helpedto setprice at marginal cost
average costs ... more efficientto setprices equal to marginal cost
If the rate design under consideration is TOU , economic theory proposessettingprices equal to marginal costs
October 1966).governments ( or even private ownerscan setprices equal to marginal cost
because general economic theory recommendssettingprice at marginal cost
letsetprices equal to marginal cost
Since the Cubs act like a monopolist here , they do n’t haveto setprice at marginal costs
The observed characteristicsinfluencemarginal cost
starkly lower tuitionresultingfrom marginal - cost pricing
The plantssettingmarginal cost prices
Some regulatorswill setprices equal to marginal cost
the public enterprise deficitresultingfrom marginal - cost pricing
Failureto setprices equal to marginal cost
As present educational for profit education globally with particular chemical and metabolic constraints spontaneously organize themselvesto setprice at marginal cost
inflexible baseload unitssettingmarginal pricing
the free marketwill setprice at marginal cost
an aggressive price competitionleadingto marginal cost pricing
Because the social optimum would beto setprice at marginal cost
Advantages and Disadvantages From the perspective of economics theoryleadsmarginal - cost pricing
the willingness of consumers to pay more for a good which has a cheaper substitute of exactly equal quality even in a market which would normally ( read under “ single - crossing ” specificationsleadto marginal cost pricing
an activity that is paid by the people who carry out the activity and MEC(passive) caused bymarginal cost
the NEMSleadsto marginal cost pricing
It is well established in economic theorysettingprices equal to marginal cost
a number of factors which can be market driven or can be particular to the producer(passive) is influenced byMarginal cost
the tariffs without a significant decline in demand(passive) caused bymarginal cost
economically efficient pricingsetprice at marginal cost
the levelwould resultfrom marginal cost pricing
that in perfectly competitive markets with marginal costs that increase with output , economic efficiency is achievedwill setprices equal to marginal cost
any lossresultingfrom marginal - cost pricing
the price ... they will wantto setmarginal cost
The so - called windfall profits or producer rentsresultingfrom marginal cost pricing
brine projects in the long term(passive) set byMarginal cost
the price of a product to equal the extra cost of producing an extra unit of outputsettingthe price of a product to equal the extra cost of producing an extra unit of output
from a one unit change in the production rate exampleresultsfrom a one unit change in the production rate example
Transfer prices(passive) set byTransfer prices
in different prices at different outlets of the same OMC , based on locationresultingin different prices at different outlets of the same OMC , based on location
from nominal - price inflexibilitiesresultingfrom nominal - price inflexibilities
the price of one unitsettingthe price of one unit
prices below full costswill setprices below full costs
a price of $ 10 per ticketsettinga price of $ 10 per ticket
the price equal 301 2 302 CHAPTER 17 to marginal costsetsthe price equal 301 2 302 CHAPTER 17 to marginal cost
to lower final good pricesdesignedto lower final good prices
a price that is equal to just slightly higher than the variable cost of producing one product / service offeringsettinga price that is equal to just slightly higher than the variable cost of producing one product / service offering
to losses as overheadsmight leadto losses as overheads
if confused with total cost while fixing selling pricemay leadif confused with total cost while fixing selling price
in an equilibrium outputresultsin an equilibrium output
market price at the level just above where a loss would occur Dumpingsetmarket price at the level just above where a loss would occur Dumping
the market to come to an economically - efficient levelcausingthe market to come to an economically - efficient level
dead weight loss ... representing the loss of total welfare for societycreatesdead weight loss ... representing the loss of total welfare for society
the price of a unit of water to equal the costof supplying an extra unit of watersettingthe price of a unit of water to equal the costof supplying an extra unit of water
the unit price of all goods equal to the cost of producing and supplying the next or last unitSettingthe unit price of all goods equal to the cost of producing and supplying the next or last unit
the price close to or at the marginal cost of producing a product during a time of weak sales , or to sell off excess stocksettingthe price close to or at the marginal cost of producing a product during a time of weak sales , or to sell off excess stock
a deficit which must somehow be financedcreatesa deficit which must somehow be financed
the distribution of wealth between buyers and sellers(passive) is created bythe distribution of wealth between buyers and sellers
new product development + Assumes a “ fair ” composite price can be established + Requires rules for choice of “ add - on ” value above “ code - stack ” price Pricing Proposal 4could preventnew product development + Assumes a “ fair ” composite price can be established + Requires rules for choice of “ add - on ” value above “ code - stack ” price Pricing Proposal 4
very strong constraints against expanding the business model beyond the current boutique or niche statuscreatesvery strong constraints against expanding the business model beyond the current boutique or niche status
in the railroad business to an attempt to obtain profitability by generating high volumes of traffic ... all priced on a strictly incremental basisleadsin the railroad business to an attempt to obtain profitability by generating high volumes of traffic ... all priced on a strictly incremental basis
in in a phenomenon called double marginalizationresultingin in a phenomenon called double marginalization
to large discountsleadingto large discounts
ContactsettingContact
a welfare losscausesa welfare loss
to overrecovery of costswould leadto overrecovery of costs
the governmentsetsthe government
as the name impliesis settingas the name implies
to more profit for the monopolistically competitive firmleadsto more profit for the monopolistically competitive firm
As we described abovesettingAs we described above
of the rigid nominal wage index and the flexible nominal rental rate on capitalbeing composedof the rigid nominal wage index and the flexible nominal rental rate on capital
in allocative inefficiencyresultingin allocative inefficiency
a zero net effect on markupcausinga zero net effect on markup
equal to marginal cost at the quantity of output at which demand intersects marginal costis setequal to marginal cost at the quantity of output at which demand intersects marginal cost
to excessive useleadsto excessive use
the lower limitsetsthe lower limit