Marginal analysis
Inputs output costs
L ECTURE S IX : E CONOMIC E FFICIENCY IPEM Tohoku University Managerial Economics Lecturer: Jack Wu Period 3/ February 16.
E CONOMIC E FFICIENCY Managerial Economics Jack Wu.
Review From last Class What does “marginal” mean? T or F: You should continue consuming something as long as marginal benefit > marginal cost. If MB is.
