Factor of Production Hiring Rule
Tags: #Economics #MicroeconomicsEquation
$$\text{MRP} = \text{MFC}$$Latex Code
\text{MRP} = \text{MFC}
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Introduction
Equation
Latex Code
\text{MRP} = \text{MFC}
Explanation
Latex code for Factor of Production Hiring Rule. I will briefly introduce the notations in this formulation.
: Marginal revenue product
: Marginal factor cost (MFC)
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