Log In Sign Up Subjects Business Economics Marginalism How do you calculate marginal product and marginal cost of a product?Question:How do you calculate marginal product and marginal cost of a product?Marginalism in Economics:Marginalism is a concept that states that individuals mak...
In economics, the term CPI refers to the Consumer Price Index that measures the weighted average prices of the bundles of products and services from one period to another.Answer and Explanation: Become a Study.com member to unlock this answer! Create your account View this answer ...
In contrast to those happy Brits and Yanks, an extremely proud French investor who put all their money in France’s lower-returning equities would actually have lost money. The magic ofcompound interestturned out to be a cheap party trick in their case. Instead of our French Rip Van Winkle ...
There are different type of cost curve and they vary in response to short run and long run production function and criteria. Answer and Explanation: Become a Study.com member to unlock this ans...
Do firms really calculate marginal cost and marginal revenue to find the profit-maximizing output? In monopolistic competition, profit is maximized by producing so that marginal revenue: A) equals price. B) equals average total cost but not marginal co...
B. Calculate the profit-maximizing output and the resulting profit when pri If price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competiti...
Li et al. adopted the maximum deviation method to calculate the weights of different indicators [27]. Wang et al. allocated carbon emission permits among the provinces of China using the improved technique for order preference by similarity to an ideal solution (TOPSIS) method [28]. However, ...