where, R(Qi) is the revenue function and C(Qi) is the cost function of firm i. For profit maximisation the derivative of profit is zero, which amounts to saying that the derivative of revenue is equal to the derivative of cost: MRi
Part I: Describe the following 10 terms (3 points each). (1) EF-G: a. its structure likes tRNA b. it is a translational elongation factor c. it binds to ribosome when associated with GTP