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Explain cost output relationship with reference to:a. Total fixed cost and outputb. Total variable cost and output
analyze the method by which firm can allocate the given advertising budget between different media of advertisement
Neo Classical vs Keynesian School We know that Keynesian economics was propounded as a revolution against the then prevailing orthodoxy of the classical school. In time,
The variance of the OLS estimator is VAR( ^B)=σ 2 /ns 2 x , where s 2 x =£x 2 /x You're hired to estimate and you're going to be paid according to the accuracy of your esti
Explain the theory of production, Managerial Economics Explain the Theory of Production
"Inflation is not possible under the gold standard." Is this declaration true, false, or uncertain? Describe your answer
briefly explain oppurtunity cost in decision making?
Cross-elasticity is the measure of responsiveness of demand for a commodity to the changes in price of its substitutes and complementary goods. For example, cross-elasticity of dem
Arguments for Uneven Distribution of Income and Wealth The basic economic argument to justify large income inequality was the assumption that high personal and corporate income
Pricing Methods
The neo-classical view The neo-classical view is that market forces are the best directors of the economy. Positive attempts by the government it is argued inevitably make th
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