Why does the marginal product curve have peak then begin to


Why does the marginal product curve have peak then begin to decline? Explain how a firm can find their profit-maximizing quantity of output? Explain the impact of new production technology on average total cost. Explain the envelop theorem. Describe the demand curve for a perfectly competitive market?Why do perfectly competitive markets yield the highest social welfare?

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Business Economics: Why does the marginal product curve have peak then begin to
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