ECON 205 Lecture Notes - Lecture 9: Average Cost, Average Variable Cost, Marginal Cost

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***remember problem sets on course documents and make sure you study for exam next period. Read chapter 8, 10, 11, 12 and study notes, don"t" forget problem sets. Marginalization of capital - keeping it the same. Marginal productivity: technology: an economic definition. Holiday surge: ups was late delivering millions of packages leading up to. Over a period of time, it eroded our focus [and] thinned out the expertise and knowledge we painstakingly built up over the years. - president of. Toyota"s georgetown plant: making the connection: diseconomies of scale at ford motor. The cost of all the inputs used by a firm, or fixed cost plus variable cost. Costs that remain constant as a firm"s level of output changes. Costs that change as a firm"s level of output changes. An increase in total cost resulting from producing another unit of output. Total cost divided by the quantity of output produced atc=tc/q. Fixed cost divided by the quantity of output produced.

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