How do indivisible inputs affect production costs

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How can we use the price elasticity of demand to predict the effect of taxes?

How does a minimum price (floor price) affect the market?

Explain the equimarginal principle.

How do indivisible inputs affect production costs?

List and explain the five features/characteristics of a perfectly competitive market.

Reference no: EM131376617

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How do indivisible inputs affect production costs : How can we use the price elasticity of demand to predict the effect of taxes? How does a minimum price (floor price) affect the market? Explain the equimarginal principle. How do indivisible inputs affect production costs?

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