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what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
As a consumer increases the consumption of any one commodity, marginal utility of the variable commodity must eventually decline."Illustrate the statement. Illustrate law of dem
Deviation - Difference between the expected and actual payoff - Adjusting for the negative numbers - The standard deviation measures square root of average of squa
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
on what grounds is consumer surplus criticised?
Define Average Total Cost and Average Variable Cost Average Total Cost: The amount spent on producing every unit of output. The average cost is calculated by dividing the t
crumble corporation produce biscuits. here the relation between the number of workers and output
Explicit cost: Explicit costs are payments made by the firm when it purchases or hires factors of production for the production of goods and services. They are also referred t
differential rents..
What is indifference curve and its properties?
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