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A firm can choose the optimal usage of input to maximize the profit by employing the amount of input where
a. the input price equals the marginal revenue product (MRP).
b. the input price equals the marginal revenue (MR).
c. the input price equals the marginal cost (MC).
d. the input price equals the average total cost (ATC).
The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits
estaban has two fields on his farm near vallencia spain where he can grow oranges and olives. field 1 is 100 acres in
problemyou are required to perform a project appraisal of a proposed new road. the road will be a dual lane by-pass
How many strategy profiles are there in this game?
bayer schering pharma ag germany owns the alka-seltzer which was launched in 1931 and was meant for relief of minor
suppose bank a which faces a reserve requirement of 10 percent receives a 1000 deposit from a customer. a. assuming
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.
From what you know about these firms' cost structures, what is the highest possible price per unit that could exist as the market price in long-run equilibrium?
At the end of the year, you discover that the catch was low and that fish prices had increased to $5.00 per pound, but fruit prices stayed at $1.50 and meat prices had actually fallen to $2.00.
Five Companies sell pez candy and differentiate in terms of customer service and flavors
Immediately after the second payment, the terms of the agreement are changed to allow the balance due to be paid off in a single payment the next year. What is the final single payment? (final answer should be $7778).
you are a data analyst with john and sons company. the company has a large number of manufacturing plants in the united
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