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What are the causes of emergence of monopoly?
SUMMARY OF THEORY OF PRODUCTION
law of diminishing returns
Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
Surplus The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction
Show that a pulsed spherical wave has a complex wavefunction of the form U(r,t) = (1/r)a(t-r/c) where a(t) is an arbitrary function. An ultrashort optical pulse has a complex wavef
Question 1: The price of the good X rises from $1.30 to $1.40. Calculate the price elasticity of demand by using the mid-point method. Question 2: How do you explain the answer
causes and effect of the unemployment
Micro economics is the study of individual unit of an economy
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