Explain the profit maximization condition

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Graph and describe what effects would be (short run production function) if a new advanced process was found and how would the number of employees hired (variable input) change? This is a profit maximizing firm, also describe the profit maximization condition the firm uses.

Reference no: EM1374921

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Explain the profit maximization condition : Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?

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