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Business, 29.07.2019 23:20 minnahelhoor

Firm a produces gadgets. the price of gadgets is $2 each. firm a has total fixed costs of $1,000,000 and variable costs of $1 per gadget. the corporate tax rate is 40%. if the economy is strong, the firm will sell 2,000,000 gadgets. if the economy enters a recession, the firm will sell only half as many gadgets. if the economy enters a recession, the after-tax profit of firm a will be

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Firm a produces gadgets. the price of gadgets is $2 each. firm a has total fixed costs of $1,000,000...

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