Show calculation to ECO100 2013 final exam part 1 question 14.
P=4, Q=1000, ATC=4.50, MC=4, AVC=3.50
-> P=MC , firm is maximizing profits at thi...
View Full Answer
Why does long-run average cost decrease given increasing returns in scale?Economics
Explain all the options listed in question 4 in ECO100 Wolfson 2013 TT3, whether it is true or fa...Economics
A country can produce maple syrup cheaper than any other country. Everyone in the country pushes ...Economics