1. As more capital is raised, the cost increases at the Margin, increasing the Marginal cost in increments. 2. By analogy, shows the Marginal percapita crowding costs, i.e. the amount by which crowding costs increase as the population increases. 3. The average cost then increases at a slower rate and eventually approaches the Marginal cost. 4. This Marginal cost will, of course, also increase the average cost, but the average cost will increase more slowly. 5. Throughout the last two Decades labour costs have increased, in general, more rapidly than end-product prices. 6. However, it is likely that fixed costs would increase, but we have no available information to assess this possible option. 7. Such costs increase as the population size increases. 8. By analogy, shows the marginal per capita crowding costs, i.e. the amount by which crowding costs increase as the population increases. 9. The total cost may as a consequence increase. |