Welcome to the Valletta google satellite map! This place is situated in Malta, its geographical coordinates are 35Â° 53' 59 North, 14Â° 30' 53. East and its original name (with diacritics) is Valletta. See Valletta photos and images from satellite below, explore the aerial photographs of Valletta in Malta.his place is situated in Malta, its geographical coordinates are 35Â° 53' 59 North, 14Â° 30' 53. East and its original name (with diacritics) is Valletta. See Valletta photos and images from satellite below, explore the aerial photographs of Valletta in Malta.
In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit. That is, it is the cost of producing one more unit of a good. In general terms, marginal cost at each level of production includes any additional costs required to produce the next unit.
The average variable cost (AVC) curve will go down (but will not be as steep as the marginal cost), and then go up. This will not go up as fast as the marginal cost curve. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.The average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns.The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.he average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns. The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.