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1. Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? 2. Explain oligopoly's structure and use game t
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Q. Food purchases are relatively price inelastic since food is a necessity. If food is so required for life, how will we explain the heavy advertising of food items at the
is a hotdog vendor''s stand a good example of diseconomics of sale?
Xd(Px)=5000-100Px
Explain the role of managerial ecnomist in kissan &dipsy fro ub group
concept of the law of supply
my q is dat how can we find mathematically dat a production function is concave?
draw the following diagrams and explain their shapes: the production possibilities frontier a demand curve the demand curve for a firm in perfect competition the demand curve for a
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
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