Economic Math Equations
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Marginal Physical Product? (MPP)
Change in Total output divided by change in total quantity
Profit
Total Revenue - Total Cost
Marginal CostÂ
Change in total cost divided by change in total output
Price elasticity of demand
% change in quantity divided by % change in price
Total Revenue
Price of a product x Quantity sold
Card Set Information
Author:
Christianeib313
ID:
177070
Filename:
Economic Math Equations
Updated:
2012-10-11 21:02:10
Tags:
Econ math
Folders:
Description:
Math for econ 20
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