In a production function the nomenclature is Output f 25x 5y 25z multiple regression Note too that in the writing for Week 3 you will be researching and then critiquing the use of production functions AND the profit maximization function where MC MR in the real world To Wit related to thoughts you will be called upon in the Week 3 Writing To what extent is the pricing thought process in Week 2 extended to Week 3 in practice Does your firm know or should it know the pricing on the margin The cost at the margin?
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In a production function the nomenclature is Output f 25x 5y 25z multiple regression Note too that i...
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