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explain the difference between traditional theory and modern theory of cost
Discuss the concept of dynamic multiplier
Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons. Price
what is the profit maximising quantity of L
what are the variables to be included in the social welfare of a country?
Why short run average cost curve is ‘U’ shaped
Households: The fundamental unit of individual economic behaviour. Households offer labour supply to labour market, make consumer purchases,earn income (from employment and other s
The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of la
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
Cost in the Short Run Marginal Cost (or MC) is the cost of expanding output by one unit. As fixed costs have no impact on marginal cost, it can be given as: Average Total
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