Microeconomics DISCUSSION QUESTION: What are the implications when a firm is out


Microeconomics DISCUSSION QUESTION:
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.


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