rational producer, Microeconomics

Assignment Help:
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

Related Discussions:- rational producer

Demand and supply, what happens when price is fix and there is a change of ...

what happens when price is fix and there is a change of the supply and demand curve

Half-lives, How many half-lives are required for the concentration of react...

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

Demand and supply, what is price elasticity of demand ? write briefly with ...

what is price elasticity of demand ? write briefly with explaining it''s type.

Demand, factors influencing the conditions of demand for a given product

factors influencing the conditions of demand for a given product

How are consequences of economists used, How are consequences of economists...

How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc

Demand and suply, draw the following diagrams and explain their shapes: the...

draw the following diagrams and explain their shapes: the production possibilities frontier a demand curve the demand curve for a firm in perfect competition the demand curve for a

Proportion of income spent for the commodity , All other things equivalent,...

All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand.   Most home owners are recognizable with how this de

Optimization, This is the practice of maximizing profits and revenues and m...

This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd