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Economies of Scope The ability of a organization to decrease its unit costs by producing two or more products or services that involve complementary skills, experience and
Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv
explain the concept of producers'' equilibrium
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
An individual derives utility from consuming goods X and Y according to the following estimated utility function U = 12X 2/3 Y ¼ X and Y are quantities (units) of
Production Function Models
Ask questiowhat are the importance of the branches of economics
Modem theories of trade
compare and contrast between cordinal and ordinal approaches
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