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Explain how the price system eliminates a shortage. A deficiency means that quantity demanded is greater as compared to quantity supplied. This will lead to upward pressure on pr
Ask qdescribe average and marginal revenue under imperfect competitionuestion
EOQ formula The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inve
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret
problems in traditional economic
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
explain the managerial decision areas
Policies of Educational Financing - Earmarking Earmarking refers to setting aside and using the funds generated by a special cess/tax for the particular purpose for which it i
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