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9. The average supernormal profit for the firm is
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
what are the uses of elasticity to the private sector
Reorder Point Techniques Systems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of need. Hence, stock must a
"As long as consumers are willing to pay a positive price for a good, the larger is the quantity formed, the greater is the total surplus from trade." Explain this statement if i
how to solve Min (x+y/2, 2y+x, 3x)
cobb douglas production function?
description of slutskian approach
Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases
what is the differences between utility theory, indifference theory and revealed preference theory
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