Business, 07.12.2019 00:31 BreadOfTheBear

Marin county enterprises has a monopoly on the production of lunar-powered homes and has the normal u-shaped average cost curve. at its present profit-maximizing output and price, it is able to earn a positive economic profit. show graphically, the effects in the product market (output, price, profit, and so on) of each of the following changes:

a). lunar-powered homes become a nationwide fad.

b). the cost of labor (a variable factor of production) rises.

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Marin county enterprises has a monopoly on the production of lunar-powered homes and has the normal...