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Division of labour: Division of labour involves dividing a production process into a number of smaller tasks for each task to be undertaken by a different worker. It may also be
Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
identify three factors to criticize the theory of consumer behavior or utility theory
Determinants of the Income Elasticity of the Demand: The determinants of income elasticity of demand are given below: The Degree of necessity of the commodity.
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Jane receives utility from days spent travelling on vacation domestically(D) and days
why value of marginal product is negatively sloped
WHAT IS PPC
identify any four other law of demand and give examples
#i need more light about it..
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