
Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498
Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498 تمرين 30
Suppose a firm is operating in a competitive market and is maximizing profit by producing at the point where marginal revenue 5 marginal cost. Now suppose that consumer wealth decreases in this market (and the good is a normal good). What might you expect to happen to the profitmaximizing output quantity for the firm?
التوضيح
Profit maximization:
A profit maximizin...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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