Differences of Production in the Short Run and Long Run at a Company. As we know that every Firm’s Goal is to maximize profit or even bought their aim to the maximize profits. It can be decided by 2 times of frames: Short Run & Long Run. This is important to maintain and generate their company. In a short run, company must remain the production fixed and can’t be changes. Their aim is to decide how many output to produce.100?...

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Let me show you all how Elasticity responsive to Sales Promotion/Offer changes? As we know Elasticity is to measure people responsive to the changes variables. Basically, we know that the 3 common elastic. (Elastic Demand, Inelastic Demand, Unit Elastic Demand). By using a market sales promotion will show us how people respond to it by using the 3 commons elasticity. Firstly, we know that Luxuries Products are expensive and valuable. As a human,...

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MONOPOLY MARKET

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