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Why Average Revenue= Marginal Revenue
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
Pollutant Any substance, species produced either by a natural source or by human activity, which produces very adverse effect on the environment is called pollutant. Some commo
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
What?
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup
Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
explain the following disadvantages of amalgamation. Complex nature
what is pure competition markets?
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