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marginal private cost (DO)<br />The cost to a household or firm of producing an extra unit of output.<br /> See also: marginal social cost
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re-switching (D2)<br />Returning to the use of a production technique previously abandoned when its rate of return was too low because now the rate of return to the technique subsequently used has fallen lower. SRAFFA, in his Production of Commodities by Means of Commodities (1960), identified this as a problem for capital theory arising from the heterogeneity of capital.
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ecodevelopment valuation (D4, QO) Valuation of an environment according to relative scarcity and minimal dislocation.
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