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the basics in micro economics
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
define and explain the concept of social efficent production
draw the demand curve,when there is rise in the price of a product on the demand of the product
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
Assigment help
what is microeconomics in business decision
This firm will maximize profits by producing the level of output that corresponds to point: a. b. c. or d. ?? Refer to Figure for a perfectly competitive firm. Given the
1. Cost minimizing firms must be profit maximizing as well. False, why??
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