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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 1
Suppose that you can hire your mechanic for up to 6 hours in finely divisible increments. Your benefit and cost functions are
and C ( H ) = 100 H + 120 H 2. What is your marginal benefit when H = 4 What is your marginal cost
and C ( H ) = 100 H + 120 H 2. What is your marginal benefit when H = 4 What is your marginal costExplanation
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The marginal cost can be deriv...
Microeconomics 2nd Edition by Douglas Bernheim
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