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Determine the profit maximizing price and quantity A firm has segmented its market into the following demand functions: P1 = 500 – 50Q P2 = 500 – 20Q with a cost fu
how distribution is arranged to provide customer service
when total production fall what,s the status of average product and marginal product
describe returns to scale and give examples of each.
what is the theory of second best? prove the theorem with the help of a diagram.
What happens to the market for cchicken wings if the price of beer increases?
#question.explain three neccessary condition to achieve pareto efficiency.
You are a commuter student at a local university. Because of the steep rise in gasoline prices, your parents decide to give you enough additional weekly cash so that you can affor
Using real life examples and the use of the following concepts: Effecient vs Ineffecient and Opportunity cost and increasing opportunity cost
1. Consider a model economy with a production function Y = K 0.2 (EL) 0.8 , where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is define
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