=+k. Use what you have calculated in (i) and (j) to verify that profit is indeed the
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=+k. Use what you have calculated in (i) and (j) to verify that profit is indeed the same for a firm whether it uses the f or the g technology when price is p* (when the rest of the parameters of the problem are as we have specified them in (i) and (j)). (Note: If you rounded some of your previous numbers, you will not get exactly the same profit in both cases, but if the difference is small, it is almost certainly just a rounding error.)
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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