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Q: How do you decide at what point you should step into the technology price curve for any given product?
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Why marginal product curve intersect the average product curve at the maximum?

of average product.


Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?

Changes in a producer's technology can lead to a SHIFT in the supply curve.


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Demand curve describes the relationship between the product price and the number of the product demanded through the use of graph. This is also an illustration of demand schedule.


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