3 ms·
Optimising the marginal cost of producing goods is very different from “keep hiring engineers until $1 of engineering payroll = $1 in return”. Which is specific
by AmericanChopper 4y ago
Optimising the marginal cost of producing goods is very different from “keep hiring engineers until $1 of engineering payroll = $1 in return”. Which is specifically the claim made in the comment I replied to.
- clnq 4y agoIt is not very different, the same principle can be applied because of the MC-MR association. See here - https://en.wikipedia.org/wiki/Marginal_product_of_labor#MPL,_MRPL_and_profit_maximization https://en.wikipedia.org/wiki/Marginal_product_of_labor#MPL,....