"Marginal cost of production" Quotes from Famous Books
 ... this tiny island have come from exports of phosphates, but reserves are expected to be exhausted within five to ten years. Phosphate production has declined since 1989, as demand has fallen in traditional markets and as the marginal cost of extracting the remaining phosphate increases, making it less internationally competitive. While phosphates have given Nauruans one of the highest per capita incomes in the Third World, few other resources exist with most necessities being imported, including fresh water from Australia. ...
— The 2001 CIA World Factbook • United States. Central Intelligence Agency. |
