sábado, enero 13, 2007

A Generative Dialogue Without Illusions Part 15

On January 8th, 2006, I posted the following message under the article Playing with Fire – Part II:

Sorry Len,

The document talks about marginal cost which are variable costs by definition. New hydro units can apparently make "a lot of money" at zero marginal costs, but they have to pay for the large fixed costs.

Just take a look at “Accounting Systems Interaction Glossary of Terms Assets The ...,” to see the definition: “marginal costs are variable costs which vary in direct proportion to the level of activity.”

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