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Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
What is identity economics? How does identity economics help to explain economic questions that standard economics fails to address?
Profit maximiZation is theoretically the most sound but practically unattainable objective of business finns. Do you agree this statement? If agree give
PER CAPITA INCOME AND INTERNATIONAL COMPARISONS Per capita income figures can also be used to compare the standards of living of different countries. Thus if the per capita in
The Current Account This records all transactions involving the exchange of currently produced goods and services and is subdivided into i. Visibles: A record
monopolistic competition
what is segmentation
Explain about Pragmatic Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed based on certain exceptions that are far from reality. Though in
distinguish between industry demand and firm company demand
Fandem Technology manufactures two products using a joint process. The cost of materials going into the joint process for a typical period is $55,000, while labour and overhead to
In the short-run the firm can't modify or change overhead factors like equipment, plant and scale of its organisation. In the short-run output can be decreased or increased by chan
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