=+b. Suppose next that you are special and possess more entrepreneurial and management skill than all those

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=+b. Suppose next that you are special and possess more entrepreneurial and management skill than all those other restaurant owners. As a result of your higher level of

c, the marginal product of labor and capital is 20% greater for any bundle of , and k than it is for any of your competitors.

Will the long-run equilibrium price be any different as a result?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 05, 2024 02:00 AM

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=+b. Suppose next that you are special and possess more entrepreneurial and management skill than all those

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Microeconomics An Intuitive Approach With Calculus

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