Thus, the socially efficient quantity is found where the demand curve and the marginal-cost curve intersect. ❋ Unknown (2010)
If the social planner were running the monopoly, the firm could achieve this efficient outcome by charging the price found at the intersection of the demand and marginal-cost curves. ❋ Unknown (2010)
The marginal-cost curve reflects the costs of the monopolist. ❋ Unknown (2010)
In the second place, current user taxes and fees, of which the motor-fuel tax is the largest, do not look anything like efficient (i.e., marginal-cost) prices, which means that changing the magnitude but not the structure of the current taxes and fees (which is all that we do when we demand simply that taxes and fees be increased to cover costs) might decrease economic welfare as soon as increase it. ❋ Unknown (2010)
Economists: loose your devotion to marginal-cost pricing. ❋ Unknown (2005)
In particular the warnings given, quite rightly, by Mr D.H. Robertson of the dangers which may arise when we encourage or allow the activity of the system to advance too rapidly along the upward slopes of the marginal-cost curve towards the goal of full employment, can be more often neglected, for the time being at least, when the assumption which I have previously admitted as normal and reasonable is abandoned. ❋ Unknown (2003)
If, indeed, the shape of the marginal-cost curve proves to be such that we tend to be living, with conditions as they are at present, more often to the left than to the right of its critical point, the practical case for a planned expansionist policy is considerably reinforced; for many caveats to which we must attend after this point has been reached can be, in that case, frequently neglected. ❋ Unknown (2003)
Nevertheless, it is of great practical importance that the statisticians should endeavour to determine at what level of employment and output the short-period marginal-cost curve for the composite product as a whole begins to turn upward and how sharply it rises after the turning-point has been reached. ❋ Unknown (2003)
Forgionne found that fully 70 per cent of the executives said they make use of most of the basic economic concepts of cost (such as economies of scale, cost functions, and learning curves, all of which will be discussed in later chapters), price (supply and demand, marginal-cost pricing) and value. ❋ SHLOMO MAITAL (1994)
You cannot use marginal-cost pricing forever to minimize losses, because the owners of your capital are going to give up and take their capital where it can earn a profit, instead of make losses. ❋ SHLOMO MAITAL (1994)
Zero-marginal-cost wind and solar will be dispatched whenever available and will push higher marginal-cost gas turbines and combined-cycle gas turbines off the supply curve.
Never mind that marginal-cost pricing would generally preclude recoupment of the research and development (R&D) costs of the innovations at issue, costs that will have to be incurred many times again if innovation is to continue. ❋ Unknown (2009)
Only this year I heard a conference presentation dealing with the economic and legal principles of copyright suggest that the innovating Schumpeterian entrepreneurs are automatically to be deemed proper subjects for antitrust attentions because in the period before imitators enter the market, they can charge prices that exceed the marginal-cost levels of perfect competition. ❋ Unknown (2009)
Free, that allows the producer to escape marginal-cost hell. ❋ Unknown (2009)
As is widely known, the relevant condition of economic efficiency is marginal-cost pricing, which, when applied to highways and public MVIS would result in a price and tax structure that would look nothing like the present charge structure,6 and which would not generate user revenues sufficient to cover government expenditures (e.g., ❋ Unknown (2010)
It’s a marginal-cost estimate, not a total-cost estimate. ❋ Unknown (2009)
