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answer this B. What are the effects of the following on the MC, AC and MR curves: 1. Decrease in selling price 2. Increase in

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B. What are the effects of the following on the MC, AC and MR curves: 1. Decrease in selling price 2. Increase in wages/salaries 3. Decreasing efficiency of machines because of age C. Using the MC and MR curves, predict the effect of the following on profit. 1. Increase in material input prices 2. Higher price 3. Less output but the same price 4. More efficient machine

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