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Acronymfinder

What does SMC stand for?

SMC stands for Social Marginal Cost (economics)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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We have 799 other definitions for SMC in our Acronym Attic

Samples in periodicals archive:

If patients were uninsured, and consuming at point A, there would be a welfare loss associated with underconsumption because the value of care going from A to F (the area under the demand curve between A and F) exceeds the cost (the area under social marginal cost associated with quantities C and D).