Does Input Demand and Output supply are two sides of the same coin?
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Answer:
yes it is
Explanation:
cause the Firms can hire as many workers as they want at a wage set by the industry. 2. Perfect ... Cost. = Change in. Total Cost. Change in. Inputs. 5. Marginal Resource Cost (MRC) ... Supply. • Supply and demand in the INDUSTRY. GRAPH has resulted in a equilibrium wage of $10. ... marginal cost are two sides of the same coin.
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