Illustrate what is the marketing concept recognizes

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Q. given the average cost function AC= Q^2 - 4Q+214, find the MC function. Is the given function more appropriate as a long run or a short-run function? why?

Q. Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.

 

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