Mrginal cost dcdy dcvydy that is the marginal cost
Marginal Cost = dC/dy = dCv(y)/dy. That is the marginal cost = change in total cost due to the change in output = change in variable cost due to the change in output. Mathematically show the proof.
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michels cost function for his car is cy216 where y is the number of cars that michel can afford find the average cost
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marginal cost dcdy dcvydy that is the marginal cost change in total cost due to the change in output change in
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the long-run equilibrium for a perfectly competitive firm is zero-profit equilibrium does this mean that owners of
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