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what is the theory of second best? prove the theorem with the help of a diagram.
what are the benefits of natural resources and industryquestion..
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Suppose one were asked to recommend a price for the output of a proposed downtown parking garage, so that the project would have as large a Net Present Value as possible. In this
A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c
1. Cost minimizing firms must be profit maximizing as well. False, why??
Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda
the meaning of supply
Marketing Economies: These are derived from the bulk purchasing of inputs and bulk distribution of outputs. A large firm is able to buy its raw materials in larger quantities
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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