How has government intervention in the gasoline market affected market participants? Multiple choice question. It has harmed both buyers and sellers. It has benefited sellers but harmed buyers. It has benefited buyers but harmed sellers. It has benefited both buyers and sellers.

Q: why do the moddenn day firms focus non economic objectives. explain

A: The basic objective of any firm is profit maximization.

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A: The production function in economics states the functional relationship between inputs and outputs.…

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A: Planning is a process of preparing the activities to attain the desired goal.

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A:

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A: Total cost is the sum of total fixed cost and total variable cost. Average cost is the per unit cost…

Q: 4 Q TFC | AFC vc | AVC TC 5 1 200 6 2 200 7 3 200 | 66.66 ATC MC 200 200 120 120 120 320 190 220 110…

A: Table prepared in The Excel sheet

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A: Average fixed cost (AFC) is the per unit total fixed cost of production.

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