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what is disposable income and its importance.
"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
critically evaluate the two main utility theories
Determinants of reserve price
bains limit theory
GDP Price Level At the equilibrium level of income aggregate spending in the economy equals aggregate output. All along, we have assumed that the general price level remains un
how distribution is arranged to provide customer service
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
Concept of Stock Replenishment This concept assumes that stock is always available whether there is demand or not. Consider the demand for constituent items, such as componen
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