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(a)Using the data from graph,calculate the firm's total profit.(b)If the firm operates at optimum efficiency,how much will its output be? (c)If the firm were a perfect competitor,how much will its price be in the long run?
Successive Arrivals
The sequence in which entities arrive one after another, often analyzed in queue theory and time-series analysis.
Continuous Random Variables
Variables that can take an infinite number of values within a given range.
Weight Of Elephant
The mass of an elephant, which can vary significantly based on species, age, and sex, generally ranging from 2,000 to 6,000 kilograms for adults.
Time To Answer
The duration taken by a respondent or system to respond to a query or request.
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