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The Industry's Long Run Supply Curve
* The Effects of Tax
- Earlier we studied how firms respond to taxes on an input.
- Now, we will consider how firm responds to tax on its output Effect of Output Tax on Competitive Firm's Output
Effect of an Output Tax on Industry Output
Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity. The elasticity coeffic
what does it mean by a normal good ?
subsitution effect dominate tha income effect in which good case?
WHAT IS OPPORTUNITY COST
What is the theory of second best? Prove the theorem with the help of a diagram
Determinants of investments: Expected Rate of Return: Investment spending is guided by the profit motive; thebusiness sector buys capital goods only when it expects such
what are the limitations of economies of scale?
ENUMERATION OF WORKERS: Now, let us discuss about the sources of data in India on workers. In India, two main organisations which generate and compile data on workers are the
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