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1. If P=$10 and Q=20, At what price will they leave the market (demand Q=0)? 2. In the long run does total fixed costs equals
1. If P=$10 and Q=20, At what price will they leave the market (demand Q=0)? 2. In the long run does total fixed costs equals zero, or total variable costs equals zero, or there are no variable inputs, or marginal costs equals zero? 3. John buys more shoes than Al; this means John's demand will be: more elastic than Al's, or less elastic than Al's, or equally elastic to Al's, or there is no way to say unless you have more information? Can you please help me with these?
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