MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... isocost equation , divide the firm's total cost by the price of capital and then subtract ( P / P ) L from both sides of the resulting equation . The isocost equation is - K = TC / Pk - ( PL / Pk ) L . K It tells us how the capital ...
... isocost equation , divide the firm's total cost by the price of capital and then subtract ( P / P ) L from both sides of the resulting equation . The isocost equation is - K = TC / Pk - ( PL / Pk ) L . K It tells us how the capital ...
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... Isocost line per day ) Price of labor ( wage per day ) A $ 25 $ 25 K = 4 - L B $ 25 $ 50 K = 4-2L C $ 50 $ 25 K = 2- ( 2 ) L ( b ) An increase in the price of capital Isocost equation for TC = $ 100 The slope of the isocost line depends ...
... Isocost line per day ) Price of labor ( wage per day ) A $ 25 $ 25 K = 4 - L B $ 25 $ 50 K = 4-2L C $ 50 $ 25 K = 2- ( 2 ) L ( b ) An increase in the price of capital Isocost equation for TC = $ 100 The slope of the isocost line depends ...
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... isocost line for each level of cost , and the lines shown here are just a sample . This isocost map shows three isocost lines : one for a total cost of $ 75 , one for $ 100 , and one for $ 125 . For each isocost line , the prices of ...
... isocost line for each level of cost , and the lines shown here are just a sample . This isocost map shows three isocost lines : one for a total cost of $ 75 , one for $ 100 , and one for $ 125 . For each isocost line , the prices of ...
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