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what is marginal cost
what are the practical importance of income elasticity of demand?
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
Ask question #Minimu2. Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appra
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The production function for a firm is expressed as follows: Q = 800K - K 2 +5KL - 7750L + 10,000 Where Q is quantity of units manufactured, K and L are units of capital and
Use of ppc in microeconomics
quasi rent theory
how do minimum unit costs change with changes in fixed cost?
three marginal conditions of pareto optimality
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