unit of the product

There would be a defined number of units of the product available.

The company has developed its own lexicon to describe the functional units of the product as well as certain user behaviors.

Tata Swach Bulb is the main purifying unit of the product.

The marginal cost is shown in relation to marginal revenue (MR), the incremental amount of sales revenue that an additional unit of the product or service will bring to the firm.

As price is in excess of marginal cost, consumers would value additional units of the product more highly than goods being currently produced with the resources that could be reallocated to the monopolized product.

These approaches mean fixed costs are spread over a larger number of units of the product or service, resulting in a lower unit cost, i.e. the firm hopes to take advantage of economies of scale and experience curve effects.

For example, a company may have the lowest costs in "productive" terms, but the result may be inefficient in allocative terms because the "true" or social cost exceeds the price that consumers are willing to pay for an extra unit of the product.

Thus if A can grow 1,000 units of a product on his land, and B can grow 800 units on his land, by combining their resources (perhaps to buy some modern farming equipment and to organise their work more efficiently) they might succeed in growing, say, 2,100 units of the product.