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Given the following demand and total cost functions for a firm
P = 4500 - 0.5Q2
TC = 1.5Q3 - 50Q2 + 1000
i) the marginal profit function
ii) the profit maximizing output level
iii) the price elasticity of demand, given that Q = 50 units
"price makers" never want to produce in the inelastic part of their demand curve why
critical of comparative advantage theory
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
The distinction between supply and the quantity supplied is best made by saying that
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explain the relationship between scarcity,choice and opportunity cost
Assigment help
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For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit
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