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Marginal Cost
Marginal Cost
Marginal Cost
Marginal Cost
Marginal Cost

The following information is about Marginal Cost.

Marginal Cost Defined

The cost to produce one additional unit of output. The change in total variable cost resulting from a one-unit change in output.
Marine Cargo Insurance - Average: Average: A term in marine cargo insurance signifying loss or damage to merchandise.
Marine Cargo Insurance - FPA: FPA- Free of Particular Average: A provision in a marine cargo insurance policy that no claim shall be paid for damage to goods in the course of a voyage unless a loss is sustained that totals or exceeds a certain percentage of the value as specified in the policy. The object of such a provision is the avoidance of petty claims.
Marine Cargo Insurance - General Average: A loss arising out of a voluntary sacrifice made of any part of a shipment or cargo to prevent loss of the whole and for the benefit of all persons concerned.
Marine Cargo Insurance - Open Policy: A cargo insurance policy that is an open contract; i.e. it provides protection for all of an exporterís shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is ěopenî because the goods that are shipped are also detailed at that time. This is usually shown in a document called a marine insurance certificate.
Maritime Administration (Mar Ad): A U.S. government agency, not actively involved in vessel operation, that administers laws for maintenance of a merchant marine for the purposes of defense and commerce.

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Off-site Marginal Cost Links, User Submitted

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  • Freemium in downturn - WSJ: Does this mean that Free will retreat in a down economy? Probably not. The psychological and economic case for it remains as good as ever -- the marginal cost of anything digital falls by 50% every year, making pricing a race to the bottom, and "Free&quo t; has as much power over the consumer psyche as ever. But it does mean that Free is not enough. It also has to be matched with Paid. Just as King Gillette' s free razors only made business sense paired with expensive blades, so will today's Web entrepreneurs have to not just invent products that people love, but also those that they will pay for. Not all of the people or even most of them -- free is still great marketing and bits are still too cheap to meter -- but enough to pay the bills. Free may be the best price, but it can't be the only one.

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