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Marginal Cost = dC/dy = dCv(y)/dy. That is the marginal cost = change in total cost due to the change in output = change in variable cost due to the change in output. Mathematically show the proof.
Suppose worker productivity increased at the rate of 1.9% per year. If the Labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressure?
what is the most important factor leading to rising health care costs in the united states since 1980?athe increased
Three office furniture firms that offer different payment plans have responded to a request for bids from a state agency. which vendor's plan is preferred?
1 consider the following open-economyc 1000 08ydi 500g 400t 300ex 400im 005yda. compute the equilibrium output
The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic. what will happen to the second firms marginal revenue curve and to its profit-maximizing price. competes with a second firm which had been a mon..
Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y)=y2+1 for y>0 and c(0)=0. Suppose that initially the demand curve for this industry is by D(p)=52-p.
miriam a smart and sharp mba student is on spring break flying home to see her family. at the airport there is the
The rate of growth in the productivity of capital is one percent the rate of growth of capital is two percent the rate of growth of labor is one percent and the rate of growth in the productivity of labor is three percent. From this we know that per ..
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
calculate the point elasticity of demand for a drug when the average income in the community equals 50000 and price of
What was Morita drawing and what did he know about costing that the chain store representative was overlooking? Be sure to describe or chart the shape of Morita's costing sketch in your answer.
Suppose the price of c increases to 2, while income remains constant and what happens to the consumption of c and h? Are c and h substitute goods, complementary goods, or neither?
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