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Economies of Scale
The reduction in the cost of each additional unit produced as all factors of production increase. Factors contributing to economies of scale include discounts on bulk purchases of raw materials, the ability to use fixed assets to full capacity, the skills to use particular labor to its fullest capability, and the skills to use management to govern the largest number of people as efficiently as possible.
Using a graph of the compensated and uncompensated demand curves, show how the magnitudes of the CV, EV, and ?CS will be related to each other when there is a ceteris paribus incr
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
isoquants curve shows
causes for emergency of monopoly
how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
price effect
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What does economic theory contribute to managerial economics? Explain
Relatiön between TC ,TFC and TVC
Ask question # how do you formulate a demand and supply equations when you a table of prices, quantity demanded and supplied?
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