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 great thing about average-cost pricing is that a regulated public utility is guaranteed a normal profit, usually termed a fair rate of return. One bad thing about average-cost pricing is that marginal cost is less than average total cost meaning that price is greater than marginal cost. As such, the public utility is NOT operating according to the price equals marginal cost (P = MC) rule of efficiency.