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1 - 10 van 67 voor marginal revenue
appendix derivations dsge model pdf
... consumption of each cohort, given simply the product of the marginal propensity to consume multiplied by wealth. if the marginal propensity to consume is constant over all age cohorts, then ... problem in terms of maximising the difference between marginal revenue and marginal cost, which we will do here without deriving an expression for marginal cost just yet. the production function of the ...
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N:\...\discussion26.wp [PFP#1230639143]
... these assumptions, the first order conditions of profit-maximising behaviour !stating that marginal costs should be equal to marginal revenue product! imply that the unknown elasticities can be set equal to the observable ... price taker in input markets, then the perfect-competition price (p) should be replaced by marginal revenue product (r) given by ,rt ' pt (1 1 gt ) where is the price elasticity ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... banks as given, . the first-order conditions of maximizing (2) yield the standard marginal revenue equals marginal cost rule which can be transformed into the well-known lerner index representation (3a) ... to be earned. well-known bertrand paradox. by contrast, the quantity strategy implies above-marginal cost pricing and positive firm profits. while the bertrand zero profit outcome is not ...
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Research Memorandum (set-up) [PFP#1092129510]
... habit formation. coffee supply is determined by the condition that perceived marginal revenue equal the marginal cost of production. following the new empirical industrial organization (bresnahan, 1989), ... zero, perceived marginal revenue is equal to the (wholesale) market price, and coffee supply is perfectly competitive. if equals 1, perceived marginal revenue is equal to the marginal revenue of a ...
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Microsoft Word - wd120.doc
... such that marginal revenue equals marginal cost. this first-order condition of profit maximization can be handily depicted by equation p cp in which p denotes price, c marginal cost ... revenue from advertising is relatively high compared to revenue from circulation, or alternatively, the circulation elasticity of ad-demand is positive and large, the monopolist will set the cover price below marginal ...
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Microsoft Word - memo140.doc
... concentration and the extent to which market outcomes yield marginal cost pricing. cournot oligopoly models can feature identical or ... firms maximize profit, taking as given dd, by setting marginal revenue equal to marginal cost. it can be shown that dd is ... first-order condition for profit maximization is given by equating marginal revenue and marginal cost, which yields . with, 1 1 pdp xdx ...
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\\Webserver\...\2001_07.wp [PFP#710806420]
... is no corporate tax, the optimal capital stock equates the marginal product of capital with its marginal cost. the corporate tax reduces the marginal revenue product by a fraction -c. the corporate tax is ... the optimal capital stock if is also reduces the marginal cost of capital by the same fraction -c , for in that case marginal revenue and marginal cost of capital remain equal at the original ...
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Microsoft Word - memo110.doc
... money value of non-work travel time mut marginal utility of (travel) time mum marginal utility of money 1. uit formule 3.1 ... their marginal revenue product. on this basis, the amount of employers paid workers must be sufficient to compensate them for the marginal time ... possible to equate the value of a marginal saving in work travel time with the marginal wage rate plus related social payments and ...
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memo228.pdf
... that the first order condition for the utilization rate remains the same. the marginal cost and the marginal product are only reversed from a conceptual point of view. 16 the preceding ... 14) the first equation defines the marginal cost of holding additional foreign bonds in the steady state. the latter equation equates this cost to the corresponding marginal revenue. adjustment costs in foreign ...
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memo220_0.pdf
... marginal revenue and marginal cost b h c f (h)dh k (3.2) or h c f (h)dh (3.3) with being the ratio of capital costs over operational revenue ... marginal revenue curve and the (horizontal) marginal cost curve in figure 4 of ren et al. (2008). they use a storage tank (not included in the costs) and hence their marginal revenue ... chp heat - 1 efficiency reference) revenue euro per kwh heat value electr ...
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