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A bar magnet is broken in half.Each half is broken in half again, etc.The observation is that each piece has both a north and south pole.This is usually explained by:
Marginal Cost
The added cost of producing one additional unit of output.
Marginal Revenue
The incremental income achieved by dispensing one more unit of a good or service.
Full-Fare Customers
Passengers who pay the full, un-discounted price for their tickets, typically providing higher revenue per seat for service providers.
Peak-Load Pricing
A pricing strategy that sets higher prices during times of high demand and lower prices during times of low demand.
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