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would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
show the shape of f orbitals?
Is it possible for a firm to experience a technological change that would increase the marginal product of labor while leaving the average product of labor unchanged?
if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf
illustrate a long-run equilbrium using diagrams for the gold market and for a representative gold mine
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of la
explain diagrammatically the bains model of limit pricing.
What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke
Economies of Scale The reduction in the cost of each additional unit produced as all factors of production increase. Factors contributing to economies of scale include discoun
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