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.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section: Chapter Questions

Problem 13QP

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