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Business, 22.05.2020 00:07 bobgardner765

Now suppose firm x undertakes a process innovation that reduces its marginal cost of production from $20 to $15. the fixed cost of undertaking this process innovation is f > 0. is this a tough commitment or a soft commitment? why? for what values of f would it makes sense for firm x to make this commitment?

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Now suppose firm x undertakes a process innovation that reduces its marginal cost of production from...
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