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An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
oxidation state of f block elements
Water Meter Replacement Program: Typically water providers install meters at each service address, read meters monthly and charge customers according to their usage. In resid
leat cost factor combination
limitations
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
Q. What do you meant by Relative Poverty? Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income
characteristics of microeconomics
Estimating and Predicting Cost * Estimates of future costs can be obtained from a cost function, which relates cost of production to level of output and other variables which t
Clearly explain the distinction between supply, demand and equilibrium price.
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