Elucidate how much output to maximize your firms profit

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Q1. A firm employs a production function Q= F(K, L) for which only two values of K are possible, K1 also K2 . Its ATC curve when K= K1 is given by ATC1 = Q2- 4Q + 6. The corresponding curve for K = K2 is ATC2 = Q2 - 8Q + 18. Illustrate what is this firm's LAC curve?

Q2. Of the three theories of American political(elite theory, pluralism also hyper pluralism) which one do you think Elucidate the American political process as you perceive it: summary

Q3. You're the manager of xyz inc. also must decide Elucidate how much output to maximize your firm's profit.

Reference no: EM1315365

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