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What is main difference between capital intensive goods and primary products?
Primary product means the major product in which the firm is dealing. Capital intensive good means the production of good in which more capital in included than labor.
when total production fall what,s the status of average product and marginal product
What are economies of scale and diseconomies of scale? In economics, returns to scale and economies of scale are terms that are related and sometimes incorrectly used intercha
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
criticism of cournot model
net preparation ranjna baghel
CROP PATTERNS: Analysis of crop patterns in India should relate to the following aspects: a) The relative significance of different crops/crop groups in the overall area u
why we study micro econmics?
What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret
define statistics in plural and singular sense
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
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