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picture1_Microeconomics Pdf 125973 | Production Costs


picture2_Microeconomics Pdf 125973 | Production Costs picture3_Microeconomics Pdf 125973 | Production Costs

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File: Microeconomics Pdf 125973 | Production Costs
Microeconomics - Notes Simona Montagnana November 21, 2016 Production and costs The main aim of this notes is to investigate the production and costs functions. The prot function π is ...

icon picture PDF Filetype PDF | Posted on 11 Oct 2022 | 2 years ago

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...Microeconomics notes simona montagnana november production and costs the main aim of this is to investigate functions prot function dened be dierence between total revenue tr cost tc such that where received from sale q goods at price p given by pq andwherethetotal relates level output as quantity produced rises also so increasing however in short run some these are xed for instance land equipment rent etc fc onthe other hand there variable vary with raw materials compo nents energy vc tvc sum contributions average ac obtained dividing let s consider following curves two intersect points a b corresponding levels equal rm breaks even if or then curve lies above exceeds qthe makes loss maximum profit weare interested eect on change value existing marginal mr good d derivative respect demand dq exact point slope tangent but corresponds one unit increase vertical distance equals when increases chord joining word non calculus denition example write down an expression fro current nd approxim...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 11 Oct 2022 | 2 years ago
										
										
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Filetype: PDF
										
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												Wan learn