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Okishio’s theorem proved that this quantity can sometimes increase over time, contradicting Marx. Supply equals the derivative of this quantity with respect to price by Hotelling’s lemma. In a perfectly competitive market, firm entry causes the “economic” form of this quantity to go to zero in the long run. The “normal” form of this quantity is less than its “accounting” form since it incorporates opportunity cost. To maximize this quantity, firms will produce at the intersection between price and ATC because marginal revenue will equal marginal cost. For 10 points, markup pricing increases what quantity, which equals the difference between total revenue and total cost? ■END■
| Southern California | Main | Y | 1 | 100% | 0% | 0% | 52.00 |
| Eastern Canada (2) | Main | Y | 1 | 100% | 0% | 0% | 104.00 |
| Upper Mid-Atlantic | Main | Y | 2 | 100% | 0% | 0% | 56.00 |
| Northeast | Main | Y | 4 | 100% | 0% | 0% | 54.25 |
| Southeast | Main | Y | 1 | 100% | 0% | 100% | 105.00 |
| UK (North) | UK | Y | 1 | 100% | 0% | 0% | 94.00 |
| Player | Team | Opponent | Buzz Position | Value |
|---|---|---|---|---|
| William Kiker | Dartmouth A | Williams B | 27 | 10 |
| Nicholas Decker | George Mason A | Maryland A | 48 | 10 |
| Lucas Guan | Brown A | Dartmouth B | 48 | 10 |
| Luc Vulliez | Amherst A | Brown B | 48 | 10 |
| Darren Kellis | Vanderbilt A | Chipola College | 48 | -5 |
| Winston Zuo | UC Santa Barbara | Claremont A | 52 | 10 |
| Ben Spirtas | Maryland C | Rutgers A | 64 | 10 |
| Indigo Khanna | Vermont B | Boston College A | 94 | 10 |
| James Headon | Edinburgh A | Sheffield B | 94 | 10 |
| Stephen Ottewell | Toronto B | McMaster A | 104 | 10 |
| Ian Hatcher | Chipola College | Vanderbilt A | 105 | 10 |