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law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
Ask question #what is an indifference curveMinimum 100 words accepted#
When the curve that envelops the sweries of possible short-run average total cost curves is horizontal, this means that they are a. economies of scale, b. dieconomies of scale, co
analyse the rise and fall in the price under market equillibrium situation?
what happen when a new resources has been discovered for computer
Ask questA rmuses 4 inputs to produce 1 output. The production function is f (x 1 ; x 2 ; x 3 ; x 4) =minfx 1 ; x 2 g + minfx 3 ; x 4 g.ion #Minimum 100 words accepted#
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
role of www in ecommerce
illustrate and discuss the implications of various market structures (competitive and non-competitive) for price determination
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