Microeconomics question - help understanding needed

[LadyyRedd]

What is the relationship between the slope and the decisions made at the margin?

Kimya

 

[LadyyRedd]

Bumping....anyone?

 

[Cindy B]

I can ask my DH later. He just took macro and micro over the summer and had a hard time with micro after the first few weeks.

the charts were horrible in both courses...

 

[golfgal]

My DH has a degree in economics and he said you aren't providing enough information to answer the question. He needs more specifics.

 

[Oh Kay!]

What is the relationship between the slope and the decisions made at the margin?

Kimya

I don't know in what context you want the information, but if I am interpreting your question correctly, the slope at a particular quantity is the margin at that quantity. For example, the slope of Total Cost (TC) curve measured at a particular quantity is the Marginal Cost(MC) at that quantity. The slope of Total Revenue(TR) curve measured at a quantity is the Marginal Revenue(MR) at that quantity, and etc. Let me know if you need clarification.

 

[LadyyRedd]

My DH has a degree in economics and he said you aren't providing enough information to answer the question. He needs more specifics.

That's the only information provided. It's a question asked by my professor and she's got a PhD in Economics!

Kimya

 

[sodaseller]

Sounds like a marginal utility question but again there is not enough info