A profit-maximizing firm produces one output, y, and uses one input, x, to produce it. The price

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A profit-maximizing firm produces one output, y, and uses one input, x, to produce it. The price per unit of the factor is denoted by w and the price of the output is denoted by p. You observe the firm€™s behavior over three periods and find the following:
A profit-maximizing firm produces one output, y, and uses one
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