MARGINAL FACTOR COST CURVE: A curve that graphically represents the relation between factor quantity and the marginal factor cost incurred by a firm for buying or hiring a factor of production. Marginal factor cost curve indicates how a firm's total factor cost is affected by hiring one more or one fewer worker. This curve is constructed to capture the relation between marginal factor cost and the factor quantity, holding other variables constant.

     See also | marginal factor cost | curve | marginal cost | input | factors of production | factor markets | average factor cost curve | marginal revenue product curve | perfect competition | factor markets | perfectly elastic | factor price | imperfect competition | monopsony | factor supply curve |

MARGINAL FACTOR COST CURVE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: December 7, 2025].

Additional information on this term can be found at:

WEB*pedia: marginal factor cost curve

Back to the GLOSS*arama

An industry containing depository institutions that provide financial intermediary services and safekeeping of checkable deposits that make up an important portion of the economy's money supply. These depository institutions--including traditional commercial banks, credit unions, savings and loan associations, and mutual savings banks--pursue financial intermediation and deposit safekeeping through fractional-reserve banking. Banking is regulated by the Federal Reserve System, Federal Deposit Insurance Corporation, and the Comptroller of the Currency, among a host of other federal and state regulators.

Complete Entry | Visit the WEB*pedia

Today, you are likely to spend a great deal of time going from convenience store to convenience store hoping to buy either a how-to book on meeting people or clothing for your pet iguana. Be on the lookout for pencil sharpeners with an attitude.
Your Complete Scope

This isn't me! What am I?

-- Voltaire, philosopher

User Feedback