Sales revenue maximization model , What are the major differences between t...

What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?

Sylos labini model, How we constract the cost structure of firms

How we constract the cost structure of firms

The lower the value MR of monopolist ,

The market forces of supple and demand, Market research has revealed the fo...

Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation QD= 1,600-300P, where QD is the q

Define important functions are performed by the price system, What two impo...

What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t

Micro economics, what is the theory of second best? prove the theorem with ...

what is the theory of second best? prove the theorem with the help of a diagram.

5 theories of microeconomics, evaluate each in term of strength and weaknes...

evaluate each in term of strength and weakness relative to their applicability to asian economy situation or reality ,2. philippines economy situation or reality

Average fixed cost, Average Fixed Cost (AFC): AFC is the fixed cost per uni...

Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore

OLIGOPLOLY MODELS, GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

Explain the term economic efficiency, Explain the term economic efficiency?...

Explain the term economic efficiency?  Answer:   Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and