Yes. I agree with you entirely about prices and profits.
My only reason for commenting is that I wanted to clarify the meaning of the terms “average cost” and “marginal cost”. The former includes amortized costs, the latter doesn’t.
Yes. I agree with you entirely about prices and profits.
My only reason for commenting is that I wanted to clarify the meaning of the terms “average cost” and “marginal cost”. The former includes amortized costs, the latter doesn’t.