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Cost in the Short Run Marginal Cost (or MC) is the cost of expanding output by one unit. As fixed costs have no impact on marginal cost, it can be given as: Average Total
explain the concept economies/diseconomies of scale and minimum efficient scale
Elasticity is a term broadly used in economics to signify the “responsiveness of one variable to changes in to another.” Types of Elasticity can be explained as follows: Th
Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone
is south african economic system more allocative efficient?
What are the possible advantages of free trade? Firms a) Specialisation and enhanced use of comparative advantage b) Possibility of advantages of scale c) Spread
research report of any firm
find equilibrium level of income
1. Select a data series that you wish to forecast. Make sure that it has some importance to you relative to business, future occupation or other special interest. Obtain monthly or
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
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