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Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
what is demand
how can draw the table and diagram of production function function with one veriable
Marginal utility - It is the measure of the additional satisfaction obtained from consuming one additional unit of good. * Marginal Utility: An instance - The marginal u
Hi I need help with elasticity. I think the problem has already been posted to your site.
if the Japanese yen appreciates against the U.S. dollar, do the Japanese businesses gain by a decrease in the dollar price of exports to the United States
Learning Curve in Practice * Scenario - A new firm enters chemical processing industry. * Do they: 1) Produce a low level output and sell at high price? 2) Produce
law of diminishing returns
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
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