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Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
An important aspect of municipal finance involves capital budgeting and resource allocation. In some cases, resource allocations involve expenditures that are not directly revenue
Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit
Define
what is the second best?prove the theorem with the help of a diagram?
what is the theory of supply
what are the weaknes of consumer behaviour
what are he uses of a balance of payement
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