The marginal cost analysis is concerned with the cost of production and the value of the inputs used to produce it. The marginal cost is the “cost” of producing X as opposed to the “cost” of buying X.
In other words, the marginal cost is the cost to produce X as opposed to the cost to buy X. This is the general form of the cost curve.
The cost curve is usually a straight line, but it can also be curved and has a more complicated form. For example, if we take out two widgets from a production line, they’re not the same cost. The cost of producing one widget as opposed to two is usually less, because the first widget can be more easily replaced.
That said, we usually think of the cost curve as a straight line because we think of manufacturing as a fixed cost. That is, when we make widgets, we don’t make widgets from raw materials. If we make widgets from raw materials, we can’t produce widgets from raw materials.
The marginal cost is the cost of producing one widget as compared to using the raw materials to make two widgets. The cost curve is the same as the cost curve for widgets, but if we make widgets from raw materials, we are not producing widgets from raw materials. You would think that with the cost curves we would see a straight line, but the marginal cost curve is not a straight line. What this means is that the cost curve is not a straight line. It is a curve.
The marginal cost curve is not a straight line. It is not a straight line. It is a curve.
The marginal cost curve is not a straight line. It is not a straight line. It is not a curve.
It turns out that it was a curve, but it is also not a straight line. The marginal cost curve doesn’t go all the way to the “infinitely high”. It goes down. The average cost curve doesn’t go all the way to the “infinitely low”, either. The marginal cost curve is about half the distance from the average cost curve to the “infinitely high”.
The average cost curve is a straight line, but not a curve. If you take a cost function that is a straight line, then you have a cost function that is not a straight line. This is because the cost function of the average cost curve does not go all the way to the infinitely high, but it goes much further than the infinitely low.
