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What is optimal output rule?
Optimal output rule:
According to the optimal output rule, describe that profit is maximized through producing the quantity of output at that the marginal cost of the final unit produced is equivalent to its marginal revenue.
Difference between corporate profit maximization and maximization of shareholder wealth? Ans) Sure, profit maximization relates to profits *only* while shareholder wealth also i
explain baumol''s sales maximisation model in detail
Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared
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