Average revenue is equal to marginal revenue between zero units of output and one unit of output.

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A: Answer: True, Explanation: Net export refers to the difference between export and import (Net…

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A: Since you have posted a question with multiple sub-parts, we will solve first three questions for…

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A: Both Economic profit and Accounting ptofit solved below,

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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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Q: 60 26 20 0 A B 120 C U2 200 U3 The marginal rate of substitution of X for Y at point B is 3.47 300

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Q: d. How high would total transaction costs have to be to erase all gains from bargaining?

A: Total costs describes all expenses incurred by a firm in the production of products or services,…