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No. 7: Short-Run Production Possibilities (b) Copy both your charts into a Word or pdf file that also has an essay that (i) explains the

No. 7: Short-Run Production Possibilities (b) Copy both your charts into a Word or pdf file that also has an essay that (i) explains the relationship between the two curves (i.e., how the slope of the short run production curve in your chart is related to the short-run marginal product of labor), and (ii) also discusses the relationship and the difference between the short-run and the long-run decisions made by the firm

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