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An ole firm can use its own data of past years regarding its sales in past years. These data are known as time series of sales. A firm can predict sales of its product by fitting t
data of past 20 years regarding price, wage, employment, productivity, investment, profit or loss.
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
Ask qdescribe average and marginal revenue under imperfect competitionuestion
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
Explain the term economic efficiency? Answer: Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
8,000,000 people in the population who are 16 yrs of age and older. 80% are willing to work. Currently 10% unemployment rate. a. how many people in labor force? b. How many are un
introduction of production
A country s choice among the production of education and nuclear submarines is an issue of opportunity cost. Explain the issue using a PPF. Resources are limited whereas
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