Note that we were able to prove average cost is minimized when Q is 12, without having to actually determine the average cost. Now, to minimize marginal cost. From the original function total cost, take the first derivative to get the function for the slope, or rate of change of total cost for a given change in Q, also known as marginal cost.
Oct 29, 2018 · Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
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World Economics • Vol. 18 • No. 3 • July–September 2017 World Economics • Vol. 18 • No. 3 • July–September 2017 Table 1: The Hanke–Krus World Hyperinflation Table (2013, amended 2016)
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