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In the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150.
a) What is the marginal cost of the 101st unit of output?
b) What is the firm's average total cost of producing 100unit?
c) What is the firm's average total cost of producing 101 units?
Suppose that a firm has "pricing power" and can segregate its market into two distinct groups based on differences in elasticities of demand.
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At present, the original manufacturer is deciding either they should continue production of toy truck.
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Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
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The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers.
Illustrate which of the following is an example of the legal-regulatory environment surrounding advertising also promotional activities of businesses.
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