Business, 09.12.2019 14:31 izabellehannah7165

when creating a ppc, economists assume that

resources are not fixed and that land, labor, and capital can be increased

resources are inefficiently used

only three things can be produced

technology is fixed and that there are no more breakthroughs to improve production methods

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when creating a ppc, economists assume that

resources are not fixed and that land, labor...

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Business, 09.09.2021 14:00

If fixed costs are 30, variable costs per unit are Q + 30 and the demand function is P + 2Q = 50Show that the associated profit function is