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Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
mini project on demand function
Structural Unemployment The decline of the highly localized industry due to international trade causes great problems of regional (structural) unemployment. If it would take
Suppose that the present level of income in the economy is $700 billion. It is determined that in order to decrease the unemployment rate to the desired level, it will be essential
Point elasticity The point elasticity of demand is described as the proportionate change in quantity demanded in response to a very small proportionate change in price. The con
Explain the limitations of managerial economics
gap between economic theory and business practice
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
The aim of monopolist is to maximise profit therefore; he would produce that level of output and charge that price which gives him maximum profits. He would be in equilibrium at th
Like supermarkets, full-service department stores like Macy's are mainly in decline. What factors may these types of stores have in common behind their declines? How would you veri
firms both in monopolistic and perfect competition tend to make normal profits but why do they criticize only monopolistic competition
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