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What is identity economics? How does identity economics help to explain economic questions that standard economics fails to address?
define scarcity and opportunity cost.Show how these concept are useful in managerial decision making
what are the criticisms of it
firms both in monopolistic and perfect competition tend to make normal profits but why do they criticize only monopolistic competition
incrimental principle
Question: Discuss the pricing practices adopted by firms under different market structures. OR A firm produces a good, which is sold on delivery and in restaurants. The d
Relevance of The Law of Diminishing Returns The law of diminishing returns is important in that it is seen to operate in practical situations where its conditions are fulfille
Problem: (a) Explain with the help of a diagram, the effect on a consumer's equilibrium, of an increase in the price of commodity X while the consumer's money income and price
Case studies and research papers on williamsons model of managerial discretion
Arc Elasticity Is the average elasticity between two given points on the curve, i.e. Because of the negative relationship between price and quantity demanded, pr
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