The Long-Run Aggregate Supply Curve

By Marginal Revolution University on youtube.com

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In this step you'll learn about the Marginal Revolution. Marginal Revolution is an economic concept that focuses on the marginal utility of goods and services. It looks at how the utility of a good or service changes as the amount of it increases or decreases. It also looks at the cost of production and the price at which the good or service is sold. The Marginal Revolution also examines how the cost of production affects the price of the good or service, and how the demand for the good or service affects the price.