Re: jnu

Posted by anon_econ on May 21, 2012; 2:19pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-tp7569156p7569332.html

umm in that question elasticity of demand was not 1 EVERYWHERE. if it's 1 everywhere then i think output would be 0..
see the TR curve would be a rectangular hyperbola. n if the TC curve is upward sloping, the difference b/w TR and TC keep reducing with output..
what do u think?