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Problem 1: i) Differentiate between the short and the long run. ii) How is production characterised the short run? Explain the fully using numerical and diagrammatic illustr
A monopolist''s demand curve is P=100-2q. find his MR function. at what price is MR zero
Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet
Marginal Revenue, Marginal Cost & Profit Maximization * Determining profit maximizing level of output - Profit (π ) = Total Revenue - Total Cost - Total Revenue (R) = Pq
#question#.problems and its solution of microecnomics
i have 40cm3 of hcl of 1 molarity i want to dilute it to 0.2m can yo please help
what is linear programming
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2 Y where Y is the number of televisions they produce in Korea. It can als
You are a member of a problem solving group that is concerned with incidents involving losses with their information system (IS). Let us assume that IS loss events can be grouped i
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