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causes of market failure and its solutions?
i when should continue to produce in the short run
Socio Economic conditions of country also affect the sales forecasting. They may include total national income per capita income standard of living of the masses, education, inflat
Discuss the impact of rational self-interest on each of the following decisions
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Determinants of the Income Elasticity of the Demand: The determinants of income elasticity of demand are given below: The Degree of necessity of the commodity.
explain graphically Equilibrium of a multi product firm
Insurance - Risk averse are willing to pay to keep away from risk. - If cost of insurance equals expected loss, risk averse people will buy sufficient insurance to totally r
The basic concepts of price theory
Andrew has preference given by: u(x,y) = min{2x, 3y} The price for good x and good y are identical and equal to 4. At his optimal consumption bundle he achieves a utility of 90. W
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