A small business owner analyzes how changes in the price of raw materials will affect the company's production costs and output levels. This scenario highlights the importance of understanding: A) Consumer preferences B) The law of diminishing returns C) Market demand D) Oligopoly behavior

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A: Cost of research = r  Total Cost of production = q2/2  Monopoly price = 6  Discount factor = 0.9

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A: Total revenue =P*QTR(22)=22*1950=42900TR(21)=21*2000=42000

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