Daily Archives: June 3, 2016

division of output between factories
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Division of Output between Factories

he division of output between two factories is a case in which you have two factories; an older factory with a higher Marginal Cost and a newer factory with a lower Marginal Cost. To determine how much each factory should produce, you have to draw a horizontal Price/Demand line across the two graphs (of the old and new factory)….

Economics of Buying vs Renting a Textbook
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Economics of Buying vs Renting a Textbook

s a college student, textbooks form one of the largest percentages of expenses (excluding tuition and housing). This leads to the very confusion question of when does it make sense to buy and when does it make sense to rent? Let’s examine the economics of buying vs renting a textbook by first analyzing the unique problem in the…

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