What technology available to produce your product suddenly

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Reference no: EM1362345

Q. If the price had been $0.70 per pound, the revenue received would have been $126,000. The economic profit would have been ? What does this mean?

Q. Consider the following scenarios and state the expected chande in the supply in the supply or demand curve. you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. the technology available to produce your product suddenly improves.

Reference no: EM1362345

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