Question: a) In the context of the equilibrium problem, what is the technical name of the relation (S D)P = 0 ? Explain the name.

a) In the context of the equilibrium problem, what is the technical name of the relation (S − D)P = 0 ? Explain the name.

b) Explain the three propositions contained in (S − D)P = 0.

c) What is the technical name of the relation (MC − MR)Q =0?

d) Explain the three propositions contained in (MC − MR)Q = 0.

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