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Cataloged Resource Summary

 

Title

Marginal Cost and the Output Rate Under Competition

Author

Samuel L. Baker

Category

Production and Firm Behavior

Subject

Producer

Type

Interactive Tutorial

Description

This tutorial shows how, in theory, a business firm in a competitive industry can use the marginal cost concept developed in the previous tutorial to decide how much to produce and sell.

URL

http://hadm.sph.sc.edu/COURSES/ECON/MCost/MCost.html
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