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Q. Explain the Short run production function?
Discussion of production up to now has ignored the time required to build production facilities. There is a requirement to take into consideration the time factor in discussion on the production. So in this section we consider the behaviour of production in the long-run and short-run.
The short run is a phase in that organisation can alter manufacturing by changing variable factors like labour and supplies though cannot change fixed factors like capital.
Pricing Methods
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The following represents the section headers you should consider for your reasoned document. Each section should have (at least) two research citations to support your work :
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plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
Q10000-50p
Fundamental of managerial economic
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