
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
النسخة 13الرقم المعياري الدولي: 9780132992695
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
النسخة 13الرقم المعياري الدولي: 9780132992695 تمرين 2
"A price searcher should set marginal revenue as far above marginal cost as possible." Explain why this statement is wrong. What is being erroneously assumed by someone who thinks that net receipts will be zero at an output where marginal revenue equals marginal cost?
التوضيح
Marginal revenue is that revenue which i...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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