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1.76m tall man looks at his reflection in a plane mirror.He stands 4.2m away from the window.How far from his eyes are the images of his feet? Assume his eyes are 5cm below the top of his head.
Industry Supply Curve
A graphical representation that shows the relationship between the price of a good and the total output all firms in the industry are willing to produce.
Marginal Value
Additional benefit derived from purchasing one more unit of a good.
Consumer Surplus
The gap between the price consumers are ready to pay for a good or service and the price they actually incur.
Marginal Revenue
The surplus revenue acquired from the sale of one more unit of a good or service.
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