Explain how does the market system efficiently perform

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Q. Explain how does the market system efficiently perform the functions of communication, coordination and motivation in the distribution of resouces to comsumers?

Q. the situation in which the marginal product of labor is greater than zero and declinin as more labor is hired is called the law of

After a 10% price discount, a firm found that its weekly sales increased by 30%. If the marginal cost (MC) of this product is $40 each, what is the optimal price of this product?

Reference no: EM1345801

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