TOPICS 1. Marginal costing 2. Marginal cost 3. Relationship b/w marginal costing and economies of scale 4. Relevance of marginal private and social costs in marginal cost…
Microeconomics Lecture 7 Supply of a competitive firm Mónika Kis-Orloczki Assistant lecturer Competitive market/pure competition Definition: A market where each economic…
Spreadsheet-based 0ptimization Spreadsheet-based 0ptimization Objective: Execute the optimization of profit functions using the Excel spreadsheet. With modern spreadsheets,…