Marginal cost definition

Marginal cost means the electrical utility’s marginal cost for producing energy.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Marginal cost means the change in total cost due to a small change in the quantity produced or provided.

Marginal cost means the change in total cost due to a small change in the quantity of an item produced or service provided.

Examples of Marginal cost in a sentence

• Without prejudice to other rights specified herein Promoter shall be entitle to and the Allottee/s agrees and shall be liable to pay to the Promoter, interest as specified in the Rule i.e Highest Marginal cost of Fund of SBI plus 2% PA or at the rate as may be applicable from time to time, on all the delayed payment which become due and payable by the Allottee/s to the Promoter under the terms of this Agreement from the date the said amount is payable by the Allottee/s to the Promoters.

• Marginal cost is mF for the foreign firm and mD for the domestic firm.

• Marginal cost of service shall, however, include the Imputed Added Facilities Charge.

• Marginal cost evaluations are performed to fear if modifications to.

• Similarly, if the Promoter fails to abide by the time schedule for handing over the said Plot to the Allottee/s, the Promoter agrees to pay to the Allottee/s, who does not intend to withdraw from the Project, interest @ then prevailing State Bank of India Marginal cost of lending + 2% p.a. on all amounts paid by the Allottee/s, till the handing over of the possession subject to all just exceptions set out herein.

• Marginal cost reflectivity: Fair Because of side-payments, by exception all agents do not necessarily obtain the same price for the same product (i.e. deviation of uniform pricing rule).

• Marginal cost co-payments allow a firm to extract the maximum possible consumer surplus, because there is no deadweight loss to consumers.

More Definitions of Marginal cost

Marginal cost means the supplier’s forecasted marginal cost for producing energy over the term of the rate proposal.

Marginal cost means the cost of providing or consuming the next additional unit of a good or service at a given point in time. The marginal cost to a utility of providing an additional kilowatt-hour (kWh) of electricity varies depending on when that electricity is being used, while the marginal cost to the customer for each kWh consumed (the unit price) is relatively stable, changing only when rates change.

Marginal cost means the change in total cost corresponding to a small change in the quantity of generation, demand, use of the network, etc.;

Marginal cost the Operator’s estimate of the actual variable cost of generation from each Unit of the Facility in $/MWh basis, that is consistent with PJM rules for use as a Cost-Based Offer.

Marginal cost for the purposes of this Paragraph shall mean Service Provider’s marginal cost as agreed in writing by the parties. The parties acknowledge that Service Provider’s marginal cost generally means its direct costs less general overhead and administration expenses allocated to the provision of the Services. A business forecast based on marginal cost will be provided on a quarterly basis for budget purposes. Charges will be billed one month in arrears to allow for the calculation of actual marginal costs.

Marginal cost means a change in the total cost corresponding to a small change in the quantity of production, demand, network usage, etc.