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"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
Sita expects her future earnings to be worth Rs. 100. If she falls ill, her expected future earning will be Rs. 25. There is a belief that she may fall ill with probability of , -
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
define and explain theory of production?
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
ways of imroving productivite
Answer in true or false 1. "Improvements in environmental quality of a recreational site will, all other things being equal, increase consumer surplus of individuals that visit
Suppose an economy has four sectors, Agriculture (A), Energy (E), Manufacturing (M), and Transportation (T). Sector A sells 10% of its output to E and 25% to M and retains the rest
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
chemistry assignments , obtain an expression for the allowed rotational energies of N 2 molecules. The equilibrium bond length of the N 2 molecules is 109.8 pm .
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