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what is the theory of second best ? prove the theorem with the help of a diagram ?
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
illustrate and discuss the implications of various market structures (competitive and non-competitive) for price determination
The price of oil increases because OPEC reduces oil production
why diminish MRS?
Elastic and Inelastic Demand can be understood as follows: Slope and elasticity of demand have an inverse relationship between them. When slope is high elasticity of demand bec
what is the relationship between TP, MP and AP
Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.
Rational Expectations- Inflation Unemployment Trade-off : Now, consider what happens if we suppose that workers have rational expectations about the rate of inflation First, th
diffence b/n fixed and variable input
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