https://gdpark.blog/tags/factor-prices/Recent content in Factor Prices on gdpark.blogHugoenSun, 08 Jan 2017 00:00:00 +0000https://gdpark.blog/posts/microeconomics-38-economies-of-scale-and-diseconomies-of-scale/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-38-economies-of-scale-and-diseconomies-of-scale/We poke at what happens to TC when factor prices move, work through output elasticity of cost, and land on exactly what economies vs. diseconomies of scale actually mean.https://gdpark.blog/posts/microeconomics-49-chapter-7-practice-problems/Sun, 08 Jan 2017 00:00:00 +0000https://gdpark.blog/posts/microeconomics-49-chapter-7-practice-problems/Working through Chapter 7 cost-minimization problems with gradients and isoquants — turns out it’s the exact same math as the utility-function stuff, just with different names.