Thus, Bils argues, an increase untrained labor must increase marginal costs ( in the same way an increase in demand increases wages ).
2.
The Internet makes available at no increased marginal cost a realm of information once you have the technology to acquire part of it.
3.
By the assumptions of increasing marginal costs, exogenous inputs'prices, and control concentrated on a single agent or entrepreneur, the optimal decision is to equate the marginal cost and marginal revenue of production.
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