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Economics Lecture Six (view source)

Revision as of 03:45, October 12, 2009

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(a) use materials that generate the highest marginal product

<br>(b) use materials that have increasing returns to scale

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<br>(c) use as much ~~materials~~ as possible until there are diminishing returns

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<br>(c) use as much material as possible until there are diminishing returns

<br>(d) use resources such that their marginal products per unit cost are equal

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