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Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
importance of monopolistc competition in Indian market.
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
discuss the revealed preference theory of consumer behaviour
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
3
Exchange Rate Policy: After the second amendment to the Articles of Agreement of IMF which came into effect on April 1, 1978, every member is free to choose its own exchange r
U+v, UV, u/v
how to find total revenue total cost approch in equilibrium firms
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
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