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Micro Economics
1. Discuss the short-run cost-output relations.
2. Write a short note on pure competition.
3. Describe excess profit criterion.
4. Discuss the various ways by which rival firms may react to change in price made by one firm.
5. Explain the effects of taxation on the equilibrium of a firm.
6. Write a short note on imperfect competition in the factor market.
why s-block elements are powerful reducing agent?
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
brife note on demand
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above?
explain land as a part of the four factors of production
What is significance of methodological economics...
How does the indifference curve and budget line for a neutral good look like?
Learning Curve in Practice * Scenario - A new firm enters chemical processing industry. * Do they: 1) Produce a low level output and sell at high price? 2) Produce
Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
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