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Limitations of the Services Sector: The services sector in India, as at present, suffers from low productivity and low quality in spite of fairly large investment in technolog
Which element of the periodic table has the most characteristics and is used in everyday life?
Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me
What is consumer surplus? What is its significance and what causes it to change?
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
The basic concepts of price theory
1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly
Problem 1: i) Differentiate between the short and the long run. ii) How is production characterised the short run? Explain the fully using numerical and diagrammatic illustr
explain 6 factors that determine volume of production
What are the causes of emergence of monopoly?
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