Marginal cost, on the other hand ... Though it would be possible to eliminate specific problems within a city (i.e. 0% crime rate), the marginal benefit of allocating resources to other programs ...

Fixed costs and variable costs affect the marginal cost of production only if variable costs exist. The marginal cost of production is calculated by dividing the change in the total cost by a one ...

Under idealized market conditions, a perfectly competitive business will continue to produce additional output until marginal revenue is equal to the cost of producing an additional unit ...