1 40 95 2 75 4 150 135 170 Complete the table above . Applying the rule of profit maximization, if the product market price of $35, will firm produce, why or why not . At price $35, how much should this firm produce? How much will the profit/loss./break-even? 3.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.