Discussion: What are the implications when a firm is out of the equi-marginal point? Focus your response on input productivity and input prices. For instance, when is productivity of one input relative to its price is not equal to productivity of another input relative to its price? Provide an example of the equi-marginal principle at work in the real world.

Discussion: What are the implications when a firm is out of the equi-marginal point? Focus your response on input productivity and input prices. For instance, when is productivity of one input relative to its price is not equal to productivity of another input relative to its price? Provide an example of the equi-marginal principle at work in the real world.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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