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Calculate Marginal Revenue
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
If the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r=10 per unit affect the monopoly optimum and the w
Structure of benzene
CONCEPT AND MEANING OF INFRASTRUCTURE: Infrastructure sectors are the backbone of a national economy. It has been commonly opined that infrastructure development is closely re
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
Compare and contrast the different measures of revenue
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen en
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