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If Coolest IceCream ice cream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should Coolest IceCream do to maxim
Economies of Scope in the Trucking Industry * Questions: - Economies of Scope - Are large-scale, direct hauls cheaper and more profitable than individual hauls by small t
What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co
when total production fall what,s the status of average product and marginal product
Question 1: A good internal transport network is a sine-qua-non condition for development. What are the problems of the transport sector? Question 2: ICT has a defin
THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she
discuss the methods used by the malaysian government to slow down import growth.
Calculate the number of moles in 15.8 grams of aluminum hydroxide
Ask question # how do you formulate a demand and supply equations when you a table of prices, quantity demanded and supplied?
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
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