marginal cost of factor

简明释义

边际要素成本

英英释义

例句

1.The marginal cost of factor can change based on market conditions and availability of resources.

根据市场条件和资源的可用性，要素的边际成本可能会发生变化。

2.To maximize profits, a business must calculate the marginal cost of factor for each production level.

为了最大化利润，企业必须计算每个生产水平的要素的边际成本。

3.The company analyzed the marginal cost of factor to determine if hiring an additional employee was financially viable.

公司分析了要素的边际成本以确定雇佣额外员工在财务上是否可行。

4.Understanding the marginal cost of factor helps businesses make informed decisions about resource allocation.

理解要素的边际成本有助于企业做出关于资源分配的明智决策。

5.When producing more units, the firm must consider the marginal cost of factor associated with each additional input.

在生产更多单位时，公司必须考虑与每个额外投入相关的要素的边际成本。

作文

Understanding the concept of marginal cost of factor is essential for anyone studying economics or business management. The term refers to the additional cost incurred when one more unit of a factor of production is employed. Factors of production include labor, land, and capital, which are the resources needed to produce goods and services. By analyzing the marginal cost of factor associated with each of these inputs, businesses can make informed decisions about resource allocation, production levels, and pricing strategies.To illustrate this concept, let’s consider a manufacturing company that produces bicycles. Suppose the company currently employs ten workers and is producing 100 bicycles per week. If the company decides to hire an additional worker, it needs to evaluate the marginal cost of factor associated with this decision. This cost may include not only the wage of the new worker but also any additional expenses such as training, equipment, or workspace needed to accommodate them.If hiring the eleventh worker leads to an increase in production from 100 to 110 bicycles, the company must analyze whether the revenue generated from selling those extra ten bicycles exceeds the marginal cost of factor incurred by hiring the additional worker. If the revenue surpasses the costs, it would be a beneficial decision for the company. Conversely, if the costs outweigh the revenues, the company may need to reconsider its approach to hiring and production.The marginal cost of factor is not static; it can change based on various factors such as market demand, technology improvements, and changes in input prices. For example, if the demand for bicycles increases, the company might find that hiring additional workers becomes more cost-effective, as the marginal cost of factor decreases due to higher production efficiency or economies of scale.Additionally, understanding the marginal cost of factor can help businesses optimize their production processes. By identifying the point at which the cost of adding another unit of a factor equals the additional revenue generated, companies can determine the most efficient level of production. This analysis is crucial for maximizing profits and ensuring sustainability in a competitive market.In conclusion, the marginal cost of factor is a fundamental concept in economics that plays a critical role in decision-making for businesses. By comprehensively understanding this concept, managers can make strategic choices that enhance productivity and profitability. As the economic landscape continues to evolve, the ability to assess and adapt to the marginal cost of factor will remain a vital skill for future business leaders. Therefore, grasping this concept is not just an academic exercise but a practical necessity in the world of business and economics.

理解要素的边际成本的概念对于任何学习经济学或商业管理的人来说都是至关重要的。该术语指的是在雇用一个额外的生产要素单位时所产生的额外成本。生产要素包括劳动、土地和资本，这些是生产商品和服务所需的资源。通过分析与每一个输入相关的要素的边际成本，企业可以做出有关资源分配、生产水平和定价策略的明智决策。为了说明这一概念，让我们考虑一家生产自行车的制造公司。假设该公司目前雇佣了十名工人，每周生产100辆自行车。如果公司决定雇佣一名额外的工人，它需要评估与这一决定相关的要素的边际成本。这笔成本不仅可能包括新工人的工资，还可能包括为适应他们而需要的额外费用，如培训、设备或工作空间。如果雇佣第十一名工人使得生产从100辆增加到110辆，公司必须分析销售这额外的十辆自行车所产生的收入是否超过了雇佣额外工人所产生的要素的边际成本。如果收入超过成本，那么这对公司来说将是一个有利的决定。相反，如果成本超过收入，公司可能需要重新考虑其雇佣和生产方式。要素的边际成本并不是静态的；它可能会根据市场需求、技术进步和输入价格的变化而变化。例如，如果自行车的需求增加，公司可能会发现雇佣额外工人变得更加具有成本效益，因为由于生产效率提高或规模经济的作用，要素的边际成本降低了。此外，理解要素的边际成本可以帮助企业优化其生产过程。通过确定当增加一个生产要素单位的成本等于所产生的额外收入时的临界点，公司可以确定最有效的生产水平。这种分析对于最大化利润和确保在竞争市场中的可持续性至关重要。总之，要素的边际成本是经济学中的一个基本概念，在企业决策中发挥着关键作用。通过全面理解这一概念，管理者可以做出提升生产力和盈利能力的战略选择。随着经济环境的不断发展，评估和适应要素的边际成本的能力将始终是未来商业领袖的重要技能。因此，掌握这一概念不仅仅是学术练习，而是在商业和经济世界中的实际必要性。