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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 production services.
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
Policy Implications: The expansion of the services sector has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:
scope of microeconomics
What types of external economies generates the output which reduces the costs of the firms in it? The chief example of external economies provided by marshal are (i) improved
What is hyper inflation? How it can be reduced? Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
I have to make a research paper project on Investigating the buying behavior of individuals in the white goods sector and seeing if there exists any negative relationship between d
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
Q=8000-800P
Clearly explain the distinction between supply, demand and equilibrium price.
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