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ECON490 Microeconomics Assignment 2

ECON490 Microeconomics Assignment 2 (CRITICAL THINKING-2 ) Q1. Suppose you are employed as an economist by a firm that operates in a perfectly competitive market and produces Jackets. The firm is operating in the short run. The price of the jacket is $9, the wage for each worker is $24, and each jacket requires $1 …

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