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Explainbainlimitpricetheory
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An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
1)The productive capability of an economy is such that to produce 5 units of military good it takes 2 workers to be employed while 10 units of consumer goods require 3 workers. Res
#question.describing risk,preference towards risk, the demand for risky assest.
Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.
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