Last input added to the total amount of revenue

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Reference no: EM1320100

Q. Marginal physical product can tell a producer

a. at Illustrate what point to stop adding inputs to the production process.

b. Elucidate how much profit will be made at each level of production.

c. Elucidate how much the last input added to the total amount of revenue.

d. Elucidate how much the last input added to the total amount of production.

e. total cost at a given level of output.

Q. considers an HMO with a demand curve of the subsequent form: Q=100-2P. Assume that its marginal also average costs were $20. If the industry max profits, conclude it price, output also profits

Reference no: EM1320100

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