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Q. Discovery of new technical know-how?
Growth of Technical Know-how: Expansion of an industry may result in the discovery of new technical know-how. As a result of this firms may be able to use improved and better machinery that will increase the productivity of the firms and consequentlydecrease the cost of production.
Explain factors determining elasticity of demand.
A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the community are $500,000 per year. If it produces with
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what are the criticisms of it
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critically analyze the of profit maximization
discuss the validity in zimbabwe of the grounds on which the profit maximising model of the firm has been defended
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