No, your output is the price of that output times the amount of output you produce. So it's your revenues from selling your output, minus the cost of all the inputs you use.
On May 6th, 2010. See this statement in context.
On May 6th, 2010. See this statement in context.
Prof. Randall Morck
No, your output is the price of that output times the amount of output you produce. So it's your revenues from selling your output, minus the cost of all the inputs you use.
See context to find out what was said next.