Minimumstellen

Minimumstellen is a concept in economics and game theory, referring to the set of minimum possible prices that a manufacturer can charge for a good in order to cover the costs of production. It is also known as the "minimum selling price" or "minimum price level".

In microeconomics, the minimumstellen is determined by the firm's marginal cost curve. The marginal cost is the additional cost of producing one more unit of a good. When the price of a good is set below the minimumosten, the firm incurs a loss, as the revenue from sales is less than the total cost of production.

The concept of minimumosten is important in understanding the behavior of firms in competitive markets. It helps to explain why firms set prices above the minimumosten, and the impact of price-setting on the firm's profit margins. In a perfectly competitive market, firms can charge any price they like, but in a monopolistic market, firms may set prices above the minimumosten to maximize profits.

Minimumosten is also related to the concept of optimal pricing, which involves finding the price that maximizes revenue and profit. By setting prices above the minimumosten, firms can increase their revenue and profit, but this may also lead to a decrease in demand. The optimal price is therefore a balance between the maximum price that consumers are willing to pay and the minimum price that the firm needs to charge to cover costs.

The study of minimumosten has applications in various fields, including industrial organization, international trade, and management science. It helps managers and policymakers to understand the behavior of firms and make informed decisions about pricing strategies.