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I don''t really understand how scitovsky contour is formed.
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
i) Two firms, A and B, are operating in a UK textile industry under duopolistic condition and choose to either produce at "High" price or a "Low" price. Suppose you are the man
WHAT IS OPPORTUNITY COST
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
how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
#question.what is probability and laws
Question 1: A good internal transport network is a sine-qua-non condition for development. What are the problems of the transport sector? Question 2: ICT has a defin
#question.using a well illustrated diagram, explain the concept of producers equilibrium .
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