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Why does the demand curve slope downwards? As Figure above demonstrates, demand curve slopes downward to the right. Downward slope of the demand curve reads the law of demand i
mini project on demand function
Q. Explain Mark-up pricing? In addition to using above methods to conclude a firm's optimal level of output, a firm can also set price to maximise profit. Optimal markup rules
Schumpeter Description According to Schumpeter, a cycle represents wave like deviations in business activity from the equilibrium or trend line. There are equilibrium points an
mini project
examples
What are the limitations of managerial ecomimics
Q. Implications for the shape of cost function? A cost function is also a mathematical relationship, one which relates the expenses an organisation incurs on the quantity of ou
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2
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