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The economic theory would be something like given lack of (senior) engineers, salaries should rise to expected marginal revenue. Conflating actual outcomes in
by amimetic 5y ago
The economic theory would be something like given lack of (senior) engineers, salaries should rise to expected marginal revenue.
Conflating actual outcomes in real markets with economic theory is typically unhelpful.
- sokoloff 5y agoMicroeconomic theory would cap total marginal costs (including COGS) at marginal revenue, not just salaries.