1. There are 3 possible ways of increasing profit as provided in the module (With TC constant, increase TR, With TR constant, decrease TC, and Increase TR, and decrease TC). In each way, describe how your project in chapter 1 (Small Farm Business) can be able to attain increasing profits.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1. There are 3 possible ways of increasing profit as provided in the module (With TC constant, increase TR, With TR constant, decrease TC, and Increase TR, and decrease TC). In each way, describe how your project in chapter 1 (Small Farm Business) can be able to attain increasing profits.

2. How are you going to apply the EOQ principle and Break-even point analysis to the management and improvement of your project in chapter 1 (Small Farm Business)?

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