Discuss what a manufacturer of each product might

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Reference no: EM1351467

Consider chip plants: potato and computer. Assume there is a large rise in the demand for computer chips and potato chips.

a. How responsive to demand is each in the market period?

b. Discuss what a manufacturer of each product might do in the short run to increase production.

c. Illustrate how does the long run differ for these products?

Reference no: EM1351467

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