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for each of the following production functions, calculate the change in producers surplus when the price increases from $20 (p1) to $25 (p2). How do
for each of the following production functions, calculate the change in producers surplus when the price increases from $20 (p1) to $25 (p2). How do these numbers compare to the change in profits gained by the firm when the price changes from $20 to $25? note w=20, r=50.
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