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why constant return to scale is important
An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p
In the long-run equilibrium, each firm in a perfectly competitive industry will choose the plant size associated with minimum long-run average cost. Is this TRUE or FALSE? And why?
9. The average supernormal profit for the firm is
Defining black economy, If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
discuss the implications of various market structures(competitive and non-competitive) for price determination
Consider an infinitely repeated prisoner's dilemma game by two players. The resultant payoffs at each stage by the actions of two players are given below in the table (payoffs are
STATE AND EXPLAIN SLUTSKYS THEORM?
What is the impact of microeconomics on economy?
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