Latest Articles
Law of Diminishing Returns - flash (9/23/2006)
The law of diminishing returns can be represented by a S-shaped production curve in the short run.
The law of diminishing returns can be represented by a S-shaped production curve in the short run.
Fund Raising at the Margin (9/22/2006)
The MR = MC profit maximization rule could be applied to fund raising.
The MR = MC profit maximization rule could be applied to fund raising.
Untangling Marginal vs Average Value (9/22/2006)
When average value is falling, marginal value is below it. And when average value is rising, marginal value is above it.
When average value is falling, marginal value is below it. And when average value is rising, marginal value is above it.
Total revenue and total cost of the price taker (9/19/2006)
Total revenue and total cost of the price taker when the firm's demand curve is horizontal.
Total revenue and total cost of the price taker when the firm's demand curve is horizontal.
