Sentence examples for marginal cost function from inspiring English sources

This procedure allows recovering correct zonal Lerner index and the implied measure of the marginal cost function.

We find evidence of a stable U-shaped marginal cost function for three main Italian generators, but a flat function for ENEL, the former national monopolist.

Now we characterize the impact of higher market transparency on the volume of production in terms of the curvature of the marginal cost function.

As just seen, the impact of higher transparency on agricultural production depends only on the curvature of the marginal cost function.

If the cost function is quadratic, i.e. the marginal cost function is linear, production will not be affected by changes in market transparency.

SimBa creates an upward and downward regulation list of bids based on the marginal cost function, bidding price and production capacity for each unit.

By contrast, production processes that exhibit high substitutability among input factors may give rise to convex marginal cost functions.

If farmers' marginal cost functions are concave (convex), higher market transparency leads to higher (lower) ex ante expected levels of agricultural production.

Let mapping denote the marginal transportation cost function of the th kind of goods for.

She further shows that the effect of bonus taxes on the variable pay of the agent depends on the relationship between the agent's risk aversion, firm value variance, and the slope of the marginal effort cost function.

Top down models usually include piecewise-smooth functions to describe marginal cost curves, while bottom up models use step function curves.