marginal cost,money market

remember that marginal cost is defined as the change in total

monopolistic competition marginal cost$/unitlong-run average

costsavc = tvc/q average total costsatc = tc/q marginal costsmc

the tax on the drug increases both marginal cost and average

微观经济学课件中英文 figure 2 marginal cost as the competitive
- money market
- factors of production
- economic growth
- money supply
- total utility
- gold standard
- game theory
- nash equilibrium
- lorenz curve
- market failure
- employed
- price floor
- production function
- learning curve
- risk averse
- public good
- perfect competition
- supply curve
- budget constraint
- monetary base
- renewable resources
- monetary policy
- limited liability
- marginal revenue
- economic surplus
- social insurance
- economic rent
- marginal product
- national debt
- aggregate demand