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Marginal cost of inputs and average cost
If I increase the amount of pizza that I serve why will you experience diminishing returns?
Why is the marginal cost of inputs more important than the average cost of inputs?
Macroeconomics, Economics
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Question: 1. Suppose the marginal propensity to consume is 0.6, the marginal tax rate is 0.25, and the the marginal propensity to import is 0.2. What is the multiplier? 2. Suppose that in the economy described in the pre ...
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