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u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
calculate demand function is Q=100-P, where Q is quantity demand and P is price
The availability of credit and hire purchase facility tends to push up the demand for consumer durables. In India for consumer durables lie Refrigerators television scooters etc, h
Give a critique of indifference curve
if marginal cost descreases then what else is effected by this
Explain about the perfect competition according to economics theory. The procedure of testing and refining theories is the key to the development of modern economics like a sci
what do we mean by The narrowness of definition of the commodity.
Traditional inventory control based on the calculation of EOQ At this point, it is worth considering some of the problems faced by companies using the simple inventory model
Business sell to households in the resource markets, but households sell to businesses in the product market
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