Unformatted text preview: The higher the price, the higher the quantity supplied, vice versa, ceteris paribus. MC=MR 4 factors of production: Labor, Entrepreneurship, land, capital Finally, 3 factors were dropped, only capital is useful....
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This note was uploaded on 01/28/2011 for the course ECON 1 taught by Professor Sm during the Spring '10 term at Laney College.
- Spring '10