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CHAPTER 10 OUTPUT AND COSTS TABLE 10.2 A Compact Glossary on Product Term Symbol Equation Definition Fixed input An input whose quantity used cannot be varied in the short run Variable input L An input ( labor in our examples ) whose ...
CHAPTER 10 OUTPUT AND COSTS TABLE 10.2 A Compact Glossary on Product Term Symbol Equation Definition Fixed input An input whose quantity used cannot be varied in the short run Variable input L An input ( labor in our examples ) whose ...
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CHAPTER 10 OUTPUT AND COSTS average variable cost equals average total cost . For example , in the table in Fig . 10.4 , when output is 10 sweaters , average fixed cost is $ 2.50 ( $ 25 divided by 10 ) , average variable cost is $ 5.00 ...
CHAPTER 10 OUTPUT AND COSTS average variable cost equals average total cost . For example , in the table in Fig . 10.4 , when output is 10 sweaters , average fixed cost is $ 2.50 ( $ 25 divided by 10 ) , average variable cost is $ 5.00 ...
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SHORT - RUN COST variable cost , and for average variable cost to increase , marginal cost must exceed average variable cost . Similarly , for average total cost to decrease , marginal cost must be less than average total cost , and for ...
SHORT - RUN COST variable cost , and for average variable cost to increase , marginal cost must exceed average variable cost . Similarly , for average total cost to decrease , marginal cost must be less than average total cost , and for ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive constant consumer consumption corn cost curve decreases demand curve depends determined dollars earnings economic effect efficient elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firm firm's fixed future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower machines marginal cost marginal product marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person plant possible preferences problem profit quantity demanded relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion units utility variable wage wage rate wealth week workers
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| ª×èÍ˹ѧÊ×Í | Microeconomics |
| ¼Ùéáµè§ | Michael Parkin |
| ©ºÑº | 2 |
| ¼Ùé¨Ñ´¾ÔÁ¾ì | Addison-Wesley, 1994 |
| ISBN | 0201500329, 9780201500325 |
| ¤ÇÒÁÂÒÇ | 655 ˹éÒ |
| Êè§ÍÍ¡¡ÒÃÍéÒ§ÍÔ§ | BiBTeX EndNote RefMan |