Economic Issues
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I was chosen to setup and run a benefit for life drive for my local community. The project required for several volunteers to contribute to the benefit to have a successful outcome. We were selling food, clothing, and accessories to help raise money for the benefit, but the catch is there was not a price tag on the things we were selling, it was by donation only. I realize after the day was over how much work was contributed and how much work and money rose after the event. This was an attempt to raise money and maybe profit, but the cause is always greater than the effect.
The marginal cost of a product can become different in cost if the product that is being brought is commonly disturbed until the average is equal. If a car parts cost $500.00 dollars to produce 50 parts and 520.00 to efficiently produce 51 parts. The average cost per unit is $5. The marginal cost for the one over the 50 parts produce after the average is now $10 dollars, because this is on an average total.
If you were at a store and you brought water for two dollars, then if you brought the second one for a 1.50 then, each additional water would cost lower to gain marginal benefit for the cost of the first water.
I was chosen to setup and run a benefit for life drive for my local community. The project required for several volunteers to contribute to the benefit to have a successful outcome. We were selling food, clothing, and accessories to help raise money for the benefit, but the catch is there was not a price tag on the things we were selling, it was by donation only. I realize after the day was over how much work was contributed and how much work and money rose after the event. This was an attempt to raise money and maybe profit, but the cause is always greater than the effect.
The marginal cost of a product can become different in cost if the product that is being brought is commonly disturbed until the average is equal. If a car parts cost $500.00 dollars to produce 50 parts and 520.00 to efficiently produce 51 parts. The average cost per unit is $5. The marginal cost for the one over the 50 parts produce after the average is now $10 dollars, because this is on an average total.
If you were at a store and you brought water for two dollars, then if you brought the second one for a 1.50 then, each additional water would cost lower to gain marginal benefit for the cost of the first water.