Formula Chart – AP Microeconomics Unit 2 – Supply and ...
Formula Chart – AP Microeconomics Unit 2 – Supply and Demand ... Product (aka output): Average product = Total product Q input Marginal product = ∆ TP ∆ Q input TP @ maximum when MP goes negative In perfect competition market supply = ∑ individual seller cost curves or S = ∑ mc’s ... ................
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