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Q. How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.

Q. The market for rice has been estimated to have these supply and demand relationships....supply p=10+0.01Q
demand p=100-0.01q

what is the equilibrium price and sales

then what is the amount of shortage or surplus that would develop at p=$40/ton

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9281275

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