Econ Producer Theory

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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