| 释义 |
incremental cost
Thesaurus| Noun | 1. | incremental cost - the increase or decrease in costs as a result of one more or one less unit of outputdifferential cost, marginal costmonetary value, price, cost - the property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection" |
incremental cost
incremental cost[‚iŋ·krə¦ment·əl ′kȯst] (industrial engineering) The difference between the costs and the revenues between two alternative procedures. The cost of the last unit produced at a given level of production. incremental cost
incremental cost Clinical decision-making The additional financial resources, beyond the cost of usual care, that may be required when changing from one therapeutic option to another. Cf Incremental effect. incremental cost
Marginal CostThe total cost to a company to produce one more unit of a product. The marginal cost varies according to how many more or fewer units a company wishes to produce. Increasing production may increase or decrease the marginal cost, because the marginal cost includes all costs such as labor, materials, and the cost of infrastructure. For example, if a widget manufacturer increases the number of widgets it produces, it may need to buy more material, but the costs of labor and factory maintenance remain the same, and are spread out over a greater number of widgets. This may reduce the marginal cost. On the other hand, if the manufacturer hires more workers and builds another factory, it will likely increase the marginal cost. It is also known as the incremental cost.incremental cost See marginal cost.AcronymsSeeice creamincremental cost
Related to incremental cost: Sunk costSynonyms for incremental costnoun the increase or decrease in costs as a result of one more or one less unit of outputSynonyms- differential cost
- marginal cost
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