Using Calculus,show the Profit-Maximizing Employment of Inputs for a Perfectly

question 70

Essay

Using calculus,show the profit-maximizing employment of inputs for a perfectly competitive firm.

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Definitions:

Rescindable

Refers to a contract or deal that can be legally canceled or revoked.

Voidable

A contract or act that is voidable can be legally declared invalid by one of the parties involved, often due to reasons such as fraud or coercion.

Implied-In-Law

A legal term referring to rights or obligations that are enforced by a court, not because of an agreement or contract, but to avoid injustice.

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.