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Given the following demand and total cost functions for a firm
P = 4500 - 0.5Q2
TC = 1.5Q3 - 50Q2 + 1000
i) the marginal profit function
ii) the profit maximizing output level
iii) the price elasticity of demand, given that Q = 50 units
elasticity concept in policy formulation
ESTIMATION OF NATIONAL INCOME: In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was fo
Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of
Define the Production Possibilities Curve and explain the basic economics concepts using the PPC. Explain the factors tht shift the PPC outwards
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
STATE AND EXPLAIN SLUTSKYS THEORM?
SUMMARY OF THEORY OF PRODUCTION
Chemical properties of p block elements
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
Laspeyres index The Laspeyres index tells us that: - The amount of money at present year prices which an individual requires to purchase bundle of goods and services which w
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