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Consider a manufactured good whose production process generates pollution. The annual demand for the good is given by Qd=100-3P. The annual market supply is given by Qs=P. In both
explain the role of managerial economist
Variable Reserve Requirement (Cash and Liquidity Ratios) The Central Bank controls the creation of credit by commercial banks by dictating cash and liquidity ratios. The ca
REALISM OF PERFECT COMPETITION The assumptions of perfect competition are obviously at variance with the conditions which actually exist in real world markets. Some market
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
Opportunity Cost This is the amount that is sacrificed when choosing one activity over the next-best alternative. In organization, an example of opportunity cost is seen in th
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2
Profit as rent of ability: one of the most widely known theories of profit was propounded by F.A. Walker. According to him profit is the rent of is the difference between the earn
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
explain the supply function and importance of supply analysis in brief
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