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Aggregate Supply
When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services needs to meet aggregate demand.
why constant return to scale is important
explain normal profits and abnormal profits
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
what is the langrangian function
Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
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demand: Qd=100=Px supply: MC=10+1/2Qs assume first that this firm operates in a perfectly competitive market. find the price and quanity in this market.
Explainbainlimitpricetheory
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