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www.wisegeek.com/what-is-marginal-resource-cost.htm

The marginal resource cost is the cost a company would incur to purchase one unit of the resources used to produce a good. In most cases, these extra resources are considered sources of labor and the costs incurred are the salaries paid to employees.

www.reference.com/business-finance/marginal-resource-cost...

The Oswego State University of New York further defines the marginal resource cost by linking it to the marginal revenue product, which is the additional revenue obtained by adding an additional resource. Companies use the marginal revenue product and the marginal resource cost to determine if new workers should be hired.

www.quora.com/What-is-marginal-resource-cost

Deliberately vague question! Marginal cost is expressed as a ratio… It is the cost per unit. We typically speak of increasing or decreasing marginal cost, because otherwise it is boring and uninteresting! The marginal resource cost would be the unit cost of the next resource.

courses.byui.edu/ECON_150/ECON_150_Old_Site/Lesson_10.htm

Marginal Resource Cost. The marginal resource cost is the additional cost incurred by employing one more unit of the input. It is calculated by the change in total cost divided by the change in the number of inputs. In a competitive resource or input market, we assume that the firm is a small employer in the market.

corporatefinanceinstitute.com/resources/knowledge/...

Marginal cost is the cost to provide one additional unit of a product or service and is a fundamental principle that is used to derive economically optimal decisions and an important aspect of managerial accounting and financial analysis. It can be calculated as

corporatefinanceinstitute.com/.../marginal-cost-formula

The marginal cost formula represents the incremental costs incurred when producing additional units of a good or service. The marginal cost formula = (change in costs) / (change in quantity). The variable costs included in the calculation are labor and materials, plus increases in fixed costs, administration, overhead

bizfluent.com/info-7888762-explain-product-labor-marginal...

The relationship between the marginal product of labor and the marginal cost helps determine whether it is worthwhile to produce additional products. The marginal product of labor refers to the number of products a company can manufacture if it hires more workers or assigns its current workers additional hours.

quizlet.com/3206026/micro-economics-chapter-12-flash-cards

The quantity of each resource a firm must employ in order to produce a particular output at the lowest total cost; the combination at which the the ratio of the marginal product of a resource to its marginal resource cost is the same for the last dollar spent on each of the resources employed.

quizlet.com/62949504/chapter-14-economics-flash-cards

- the quantity of each resource that a firm must employ in order to produce a particular output at the lowest total cost; the combination at which the ratio of the marginal product of a resource to its marginal resource cost (to its price if the resource is employed in a competitive market) is the same for the last dollar spent on each of the ...

www.flashcardmachine.com/microeconomics-ch-13.html

The quantity of each resource a firm must employ in order to produce a particular output at the lowest total cost; the combination at which the ratio of the marginal product of a resource to its marginal resource cost (to its price if the resource is employed in a competitive market) is the same for the last dollar spent on each of the resources employed.