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Total Cost (TC) This is the sum of fixed costs and variable costs i.e. TC = FC + VC.
1. The price of a U. S. produced hammer is $5. The exchange rate with Malaysia is 3 Ringgit/1$. What is the current price of the hammer in Malaysia? (Assume no transportation cost.
distinguish between industry demand and firm company demand
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in
explain the supply function and importance of supply analysis in brief
REMEDIES FOR UNEMPLOYMENT The measures appropriate as remedies for unemployment will clearly depend on the type and cause of unemployment. Broadly they can be divided into:
INTERNATIONAL LIQUIDITY International liquidity is the name given to the assets which central banks use to influence the external value of their currencies. It can also be
PROPORTIONAL TAX Is where whatever the size of income, the same rate or same percentage is charged. Examples are commodity taxes like customs, excise duties and sales tax.
Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.
Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
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