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Marginal Analysis and Empirical Research by F MACHLUP American
A Note on Kinked Demand Curves by C W EFROYMSON American Eco
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100 per cent AC curve actual adjustment assumed assumption average cost curve behavior boom changes commodities concern considerations constant cost functions costs per unit decreasing demand curve determination diminishing returns diseconomies divisibility Econ economic economists effect efficiency elasticity entrepreneur envelope curve equate marginal equipment factors of production Figure firm's fixed factor full employment Ibid indicate indifference curve individual firm industry intersection labor costs laws of returns less linearity long-run average cost long-run equilibrium marginal analysis marginal cost curve marginal net revenue marginal productivity marginal revenue curve marginalist minimum point Monopolistic Competition optimum particular perfect competition plant curves possible problem Professor Lester Professor Machlup profit maximization proportions quantity question reasons reduce result revenue product rise scale of plant selling shift short-run Stigler supply curve theory tion total cost total unit cost unit variable costs variations wage rates whole XXXVI