Production cost, prices and income of firms
The present theoretical research analyzesmicroeconomic theory in regards to costof production, prices,and firm’s revenue.We use simple mathematical tools to develop relationships of implied variablesin the propounded model. The object of this is to explain microeconomic themes appro...
| Autor Principal: | Villalobos Céspedes, Daniel |
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| Formato: | Artículo |
| Idioma: | Inglés |
| Publicado: |
Universidad Nacional, Costa Rica
2021
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| Materias: | |
| Acceso en línea: |
https://www.revistas.una.ac.cr/index.php/economia/article/view/7115 https://orcid.org/0000-0002-9023-2096 http://hdl.handle.net/11056/19435 https://doi.org/10.15359/eys.20-48.1 |
| Sumario: |
The present theoretical research analyzesmicroeconomic theory in regards to costof production, prices,and firm’s revenue.We use simple mathematical tools to develop relationships of implied variablesin the propounded model. The object of this is to explain microeconomic themes approximately to experiences of firmsthatproduceasinglegood or service.It concludesthat marginal cost and marginal revenueare not the most important factors indefining a firm’sequilibrium,but they are derived from the average cost and average revenue respectively. When consumer demand intensity and average profit rate are taken into consideration, the average cost and average revenue become fundamental concepts oftheory cost and competition. |
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