Marginal cost and supply curve. Aug 20, 2016 Letâs be clear about what the two curves are. The supply curve is the relationship between the market price and the number of units the firm will sell. The marginal cost curve tells us, for a given level of production, how much it costs the firm t. Aug 18, 2011 This feature is not available right now. Please try again later. It is calculated by dividing the change in total cost by the change in total output. If the farming business above doubled its production of corn from 50 bags to 100 bags and thus raised its total cost from $200 to $400, its marginal cost of production would then be $4 ($400 minus $200 divided by 100 minus 50). How can the answer be improved?
Price refinements - CarouselShowing slide {CURRENT_SLIDE} of {TOTAL_SLIDES} - Price refinements
Comments are closed.
|
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |