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Differential Models of Production: Change in the Marginal Cost and the Multi-Product Firm

Differential Models of Production: Change in the Marginal Cost and the Multi-Product Firm. Lecture XXVI. Change in the Marginal Cost. Shares of Marginal Cost Since both total and marginal cost depend on output levels and input prices, we start by considering marginal share of each input price.

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Input prices yields - PowerPoint PPT Presentation

Differential Models of Production: Change in the Marginal Cost and the Multi-Product Firm