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    PRAGYA SHARMA
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    The document discusses producers seeking equilibrium when maximizing profits with variable inputs. It outlines conditions for producers' equilibrium including: (1) marginal revenue from product sales must equal marginal cost of production; (2) marginal revenue from each input must equal its price; and (3) marginal productivity of each input must be diminishing.

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    The document discusses producers seeking equilibrium when maximizing profits with variable inputs. It outlines conditions for producers' equilibrium including: (1) marginal revenue from product sales must equal marginal cost of production; (2) marginal revenue from each input must equal its price; and (3) marginal productivity of each input must be diminishing.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views2 pages

    Adobe Scan Format

    Uploaded by

    PRAGYA SHARMA
    The document discusses producers seeking equilibrium when maximizing profits with variable inputs. It outlines conditions for producers' equilibrium including: (1) marginal revenue from product sales must equal marginal cost of production; (2) marginal revenue from each input must equal its price; and (3) marginal productivity of each input must be diminishing.

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    © All Rights Reserved
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    of 2

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