A firm is currently operating where the mc of the last unit, Ask an Expert

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Q. A firm is currently operating where the MC of the last unit produced is $64, and the MR of this unit is $70. Illustrate what would you advise this firm to do?

Q. As wages and prices become more flexible, inflation becomes more responsive to the output gap. Why is that? please explain it using a graph.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9224328

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