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Cost minimization rule - PowerPoint PPT Presentation

Cost Minimizing Input Combinations

Module. Micro: Econ:. 36. 72. Cost Minimizing Input Combinations. KRUGMAN'S MICROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. How firms determine the optimal input mix. The cost-minimizing rule for hiring inputs.

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265 views • 8 slides

KRUGMAN'S MICROECONOMICS for AP*

Module. Micro: Econ:. 36. 72. Cost Minimizing Input Combinations. KRUGMAN'S MICROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. How do firms determine the optimal input mix ? What is the cost-minimizing rule for hiring inputs?.

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481 views • 7 slides

AP Economics

AP Economics. Mr. Bernstein Module 72: Cost Minimizing Input Combinations November 11, 2013. AP Economics Mr. Bernstein. Least-Cost Combination of Inputs Substitutes in the Factor Markets Nail gun vs. Labor + hand held hammers Trackhoe vs. Labor + shovels ATM vs. bank teller

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157 views • 3 slides

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Cost minimization rule - PowerPoint PPT Presentation

Cost Minimizing Input Combinations

KRUGMAN'S MICROECONOMICS for AP*

AP Economics