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its same as the how the mc curve becomes the supply curveView attachment 44714
answer C , i got da answer , but not sure of the logic , anyone ?
i thought that it was AVC > AR tng man for supply(bcz they will not cease prod ) , anyway wats da logic ??its same as the how the mc curve becomes the supply curve
so here its the opposite thing
Thats some nice handwriting right there
this supply curve is for perfect competition na
i think wen they are makin excessive loss , but not sure , natural monopolies are also thereanyone knows about shutdown point for a monopoly? notes? anything?
ohhk thnx!MV = PT
V is constant so
M=PT
so if M rises, PT also will rise. (PT is money income)
Price elastic(%inc in qty will bemore than %chng in price )btw pric increases wen quota is imposed >means bal of trade improvesView attachment 44718
how b? y not C
limit bcz of Quota ? that part or elasticity part ?i dont get it :/
everything
Quotas will raise da price to so import price expensiv compared to export priceso how does it worsen terms of trade?
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