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How will get total cost function form marginal cost function?
Find the integral of the marginal cost.
Find the cost function from marginal cost?
Marginal cost function is a derivative of the cost function. To get the cost function, you need to do the opposite, that is, integrate.
If the consumption function is C50 0.75y then the marginal propensity to consume is?
If the consumption function is C50 0.75y then the marginal propensity to consume is?
What is meant by marginal damage?
Marginal damage is a term used in the economics of law that refers to the incremental (derivative) change in damage incurred by increasing levels of risk or decreasing levels of prevention with respect to some kind of harmful activity. Marginal damages are used to calculate optimal levels of damage, risk, and prevention.
When does marginal benefit occur?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
How will get total cost function form marginal cost function?
Find the integral of the marginal cost.
Find the cost function from marginal cost?
Marginal cost function is a derivative of the cost function. To get the cost function, you need to do the opposite, that is, integrate.
If the consumption function is C50 0.75y then the marginal propensity to consume is?
If the consumption function is C50 0.75y then the marginal propensity to consume is?
What is meant by marginal damage?
Marginal damage is a term used in the economics of law that refers to the incremental (derivative) change in damage incurred by increasing levels of risk or decreasing levels of prevention with respect to some kind of harmful activity. Marginal damages are used to calculate optimal levels of damage, risk, and prevention.
What is the optimal level of pollution?
when marginal benefit is equal to marginal cost To be more specific: When the marginal damage cost of polluting is equal to the marginal abatement cost of polluting (or the marginal benefit of polluting, which is equivalent to the MAC)
When does marginal benefit occur?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
Equation for marginal cost and average cost?
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
Find the marginal and the average cost function for the following total cost function?
Find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q = 4 and Q = 6.
Marginal cost is equal to?
MC = f'(x) = df/dx Marginal cost is equivalent to the derivative of the cost function.
When a production function gets flatter the marginal product is increasing?
True
How is the production function of the diminishing marginal product and constant marginal product an investment opportunity and illustrate the set of equilibrium conditions on a graph?
feedback inhibition
What is marginal probability function?
If f(x, y) is the joint probability distribution function of two random variables, X and Y, then the sum (or integral) of f(x, y) over all possible values of y is the marginal probability function of x. The definition can be extended analogously to joint and marginal distribution functions of more than 2 variables.
