Negative marginal cost
Marginal cost is how much extra you’ll need to spend to serve one more customer. The marginal cost of a hot dog is pretty low–if you don’t have to account for rent and labor and insurance and the rest, one more hot dog might only cost 15 cents to serve. On the other hand, the […]
This entry originally appeared at seths.blog/2021/09/negative-marginal-cost, and may be a summary or abridged version.