economics10

May 19th, 2015
Studypool Tutor
Academy of Art University
Price: $25 USD

Tutor description

Marginal analysis implies judging the impact of a unit change in one variable on the other. Marginal generally refers to small changes. Marginal revenue is change in total revenue per unit change in output sold. Marginal cost refers to change in total costs per unit change in output produced (While incremental cost refers to change in total costs due to change in total output).

Word Count: 544
Showing Page: 1/1
Economics may be defined as the science which deals with the activities of man in obtaining wealth for the satisfaction of his wants. Originally meant household management a concept that is associated with the individual family.Some writers use the term national economy to convey t

Review from student

Studypool Student
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Other Documents

05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015
05/19/2015

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors