Suppose a firm is maximizing profits in the short run with variable factor xl and fixed factor
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Suppose a firm is maximizing profits in the short run with variable factor xl and fixed factor x2. If the price of x2 goes down, what happens to the firm's use of xl? What happens to the firm's level of profits?
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Related Book For 
Intermediate Microeconomics A Modern Approach
ISBN: 9780393927023
7th Edition
Authors: Hal R. Varian
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