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Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma
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What does economic theory contribute to managerial economics? Explain
diffence b/n fixed and variable input
RECENT DEVELOPMENT IN DEMAND ANALYSIS: For many years economic theorists analysed the optimal behaviour of consumers while econometricians estimated consumer demand and expend
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
total revenue
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
Cost Function for Savings and Loan Industry * The empirical estimation of long run cost function can be useful in restructuring of the savings and loan industry in wake of savi
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
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