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Business, 27.12.2019 01:31 KekePonds1021
Define clearly the following concepts: a. economics of scale. b. constant return-to-scale. c. short run and long run.
2. the best computer company just developed a new computer chip on which it immediately acquires a patent. a. draw the ar curve, mr curve, mc curve for this company.
b. label the profit maximizing price and quantity for this company.
c. show the area depicting consumer surplus, producer surplus (profits), cost of production of the chip for this company. you may use alphabets to show the areas
. d. also show the deadweight loss associated with the production.
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Define clearly the following concepts: a. economics of scale. b. constant return-to-scale. c. short...
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