At what quantity in the preceding figure is the maximum

Reference no: EM131091438

1. At what quantity in the preceding figure is the maximum buying price equal to the minimum selling price?

2. In the following figure, can the movement from point 1 to point 2 be explained by a combination of an increase in the price of a substitute and a decrease in the price of nonlabor resources? Explain your answer.

Reference no: EM131091438

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