marginal cost Archives - EU Seguros
Costs of Production

Costs of Production

by | Oct 31, 2021 | economics, microeconomics

What are the costs of production? In Microeconomics, there are 4 types of costs: 1. fixed costs 2. variable costs 3. total cost 4. average costs 5. marginal costs Fixed Costs Fixed costs are the same if you are open for business or not: rent, food, utility bills....
What is Marginal Analysis?

What is Marginal Analysis?

by | Oct 3, 2021 | economics, microeconomics

What is Marginal Analysis? Marginal analysis is the study of the additional economical benefits of doing a specific activity in comparison to the additional costs incurred by that same activity. The world marginal refers to the cost-benefit relationship of one more...
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