please answer according to the question. No explanation needed. Optimization in economics and finance: 1.If cost C is a
Posted: Tue May 10, 2022 3:50 pm
please answer according to the question. No explanation needed.
Optimization in economics and finance:
1.If cost C is a function of quantity q, then is C/q the marginal cost or the average cost? What about dC/dq?
2.If you wish to maximize profit, then what do you want the marginal profit to be (typically)?
Optimization in economics and finance:
1.If cost C is a function of quantity q, then is C/q the marginal cost or the average cost? What about dC/dq?
2.If you wish to maximize profit, then what do you want the marginal profit to be (typically)?