It also stimulates production of IGF-1. GH is used as a prescription drug in medicine to treat children's growth disorders and adult growth hormone deficiency. In the United States, it is only available legally from pharmacies, by prescription from a doctor.
Marginal cost is the change in total cost when another unit is produced; average cost is the total cost divided by the number of goods produced. Distinguish between marginal and average costs. The marginal cost is the cost of producing one more unit of a good.
The area under the marginal cost curve represents our total market costs. Figure 3.6i With our total benefits (blue) and our total costs (red), we can easily determine our total market surplus is the green area in Figure 3.6j below. To calculate: Total Benefits: $1350. Total benefits correspond to the blue area in Figure 3.6i. This area is made up of a rectangle with dimensions 300 x $3 and a triangle with base 300 and height of $3.