11. The average cost then increases at a slower rate and eventually approaches the Marginal cost. 12. The average costs of treating patients at private hospitals are less than those in public hospitals. 13. The lower courts have approved the average cost basis, as contended by the Crown. 14. The purpose of these calculations has been to demonstrate that rising average cost is consistent with natural monopoly. 15. These should be related to the average cost of the services. 16. This Marginal cost will, of course, also increase the average cost, but the average cost will increase more slowly. 17. The average cost of raising a family has increased dramatically. 18. Professor Mathias has stressed that rising output and improving productivity will lower the average costs of a commodity only if the goods can be cleared to a widening market... 19. It is also possible to charge the cost of the direct materials at this stage which avoids the issue of using FIFO or average cost etc. 20. We have found an effective way to show the effect of different choices is to split the class into groups working with different bases eg. |