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is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc
Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili
Compensated Demand Curve: Compensated demand function for a commodity (say x1) of an individual consumer represents demand quantity for that good (which is purchased by the co
What are the economies and diseconomics of scale?
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu
Critique on Earmarking Studying the working of earmarking in many OECD (organisation of economic cooperation and development) countries, Potter and Diamond (1999) pointed out
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
if tc is 200 what will be marginal cost?
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