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Econ Producer Theory
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Marginal Cost
∂TC/∂q
Average Cost
TC/q
Marginal Product of Labor
∂f(K,L)/∂L, fl
Producer controls 3 things
Quantity produced
Labor
Capital
Author
TTan777
ID
208766
Card Set
Econ Producer Theory
Description
Producer Theory
Updated
2013-03-21T18:59:41Z
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