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Define Law of conservation of mass, Explain briefly, Law of conservation of mass: In all physical & chemical changes the total mass of the reactants is equal to that of the produ
"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
an introduction
Shifts in Supply and Demand When supply and demand vary at the same time, the impact on the equilibrium price and quantity is known by: 1. The shape of the supply and dema
characteristics of microeconomics
Nations trade what they produce in excess of their own consumption to:
FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat
what is non- collusioligopoly and how its price and output is determined
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