(A) Use Series to Compute $\int _ { 0 } ^ { 1 } x \cos x d x$

question 245

Short Answer

(a) Use series to compute $\int _ { 0 } ^ { 1 } x \cos x d x$ correct to three decimal places.(b) Use integration by parts to compute $\int _ { 0 } ^ { 1 } x \cos x d x$ .(c) Compare your answers in parts (a) and (b) above.

Recognize conditions for long-run equilibrium in constant cost industries.

Analyze the implications of long-run average cost curves on industry structure and firm size.

Understand the economic reasoning behind U-shaped long-run average cost curves.

Interpret how economies of scale affect industry dynamics and cost structures.

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