In the long-run, competitive firms want to exit industries in which P = MC. O P> MC. OP > ATC. OP

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Q: Wage Rate ($) No 229 22 AP 20 16 13 10 30 45 60 80 100 120135150 90 Marginal Factor Cost Supply…

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Q: 5. Suppose the productivity of capital and labor are as shown in the table below. The output of…

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A: Ans. ) Given the situation,  that  in Zimbabwe, the situation of Hyperinflation…

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A: Quantity Demanded:Quantity demanded refers to the amount of a good or service that consumers are…

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