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Explain cost output relationship with reference to:a. Total fixed cost and outputb. Total variable cost and output
what is the relation between leverage and elasticity?
A. Write a detailed essay on the importance of economics to managers. OR What is the role of managerial economics in organizations ? B. What are the methods of measuring nation
Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of labour, price of unit is RM24 & wages og each lanour rm12. the company constraint by it budget rm 1500 per time period. a) co
Tastes of the buyer must not alter Any alteration which takes place in the taste of consumers will in all probability thwart the working of the law of demand. It frequently hap
discuss the validity in zimbabwe of the grounds on which the profit maximising model of the firm has been defended
Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
Legal Sanction: A monopoly as stated above may be the result of a government sanction. The government of a country may legally permit a private monopoly or monopoly in the public s
Explaination of the Marris Model
Autonomous Expenditure Also called Exogenous expenditure, is any expenditure that is taken as a constant or unaffected by any economic variables within our theory. For instan
define scarcity and opportunity cost..
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