Why is marginal cost not equal to the derivative of the total cost? How does one find cost function, average cost, and marginal cost? Marginal cost ___. What is the meaning of marginal cost? What is the difference between the fixed cost and the marginal cost? How...
A business's size is related to whether it can achieve an economy of scale—larger companies will have more cost savings and higher production levels. Economies of scale can be both internal and external; internal economies are caused by factors within a single company, while external factors af...
Suppose the marginal cost curve for a firm is given as dc/dQ=75. Find the increase in total cost when output is increased from 100 to 200. For economics, how do you find profits using just marginal revenue, marginal costs, and fixed cost? Assuming that outp...
Marginal benefit represents one of the most basic concepts of microeconomics. This is the value, or satisfaction, that an economic actor gains from consuming additional units of a particular good. Marginal benefit also determines how much the consumer is willing to pay to consume more of a partic...
investment allocation decisions; if anything, I find some evidence consistent with overreaction to performance measures disseminated via factsheets, while mandatory fund disclosures tend to mitigate this overreaction. Taken together, these findings contribute to a more nuanced understanding of summary disclosu...
Consistent with our arguments, we find that firms place greater value on sales managers' experience than salespeople’s, reflecting the multiplier effect attributed to managers. In particular, sales occupation experience seems to be the most salient type of experience for both groups, as it is ...
Literature review and hypothesis development Sunk costs and sunk cost effect Sunk costs, the past occurred costs, which can be regarded as stimuli, provide a strong impetus to continue an invest- ment project.2 In microeconomics, a rational individual facing a resource allocation problem will ...
Economies of scaleis a term used to describe when the per-unit cost of producing each additional item decreases as the quantity of the product produced increases. This reduction in cost is often due to spreading fixed costs over more units, purchasing materials in bulk, negotiating more favorable...
We find however little change in labor supply during the crisis. Hours worked by the household head did not change significantly, while the crisis actually had a negative impact on the growth of total household labor and on the existing trend toward increases in labor force participation. It ...
How can simple linear regression equations be used to predict expenditure and earnings? How is the Z range calculated? How can one fine the Marginal cost when only the average fixed costs, average variable costs, and average total cost with change in quantity are given?