For Marginal Cost we have terms and definitions in 7 topics. The topics are Accounting, Electric Power, Energy, Finance, International Economics, Natural Gas and Supply Chain.

Marginal Cost (Accounting)

is a calculation showing the change in total cost as a result of a change in volumee.g. if one more item of output increases the total cost by $25the marginal cost is $25. It is usually useful to determine marginal cost because it can aid in determining if the rate of production should be altered.

Marginal Cost (Electric Power)

The cost of one additional unit within a group of like units.

Marginal Cost (Energy)

In the utility context, the cost to the utility of providing the next (marginal)kilowatt-hour of electricity, irrespective of sunk costs.

Marginal Cost (Finance)

The increase or decrease in a firm's total cost of production as a result of changing production by one unit.

Marginal Cost (International Economics)

The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

Marginal Cost (Natural Gas)

The cost of the next unit if it were purchased. See INCREMENTAL COST.

Marginal Cost (Supply Chain)

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 ìopenî 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.

Similar

Browse words that start with:

• Ma
• Mar
• Marg
• Margi

Browse All Terms by First Letter

Term Search