arvonalentumiskulu
Arvonalentumiskulu, also known as marginal cost, refers to the additional cost incurred by a firm when it produces one more unit of a good or service. It is a key concept in economics and is used to determine the efficiency of production and pricing strategies. Marginal cost is calculated by subtracting the cost of producing the previous unit from the total cost of producing the current unit. This cost includes both fixed and variable costs, but it is primarily influenced by variable costs, as fixed costs are spread over a larger number of units.
Understanding marginal cost is crucial for firms to make informed decisions about production levels and pricing.
In a perfectly competitive market, marginal cost is equal to the price at the profit-maximizing output level.