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The Industry's Long-Run Supply Curve
* Long-Run Elasticity of Supply
1) Constant-cost industry
2) Increasing cost industry
Production possibility frontier PPF is a combination of two or more goods a which a country can make in a given timeline or period with resource fully employed.
A spherical wave is reflected from a planar mirror sufficiently far from the wave origin so that the Fresnel approximation is satisfied. By regarding the spherical wave locally as
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
Differentiate between real and nominal variables. In economics, the distinction among nominal and real numbers is often made. Nominal variables -- like nominal wages, interest
what is the relation ship between mp,tp,ap
What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p
Elasticity is a term broadly used in economics to signify the “responsiveness of one variable to changes in to another.” Types of Elasticity can be explained as follows: Th
Advocacy of Globalisation: In support of the movement for globalisation, the following arguments are put forth: i) Globalisation promotes foreign direct investment and, thu
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi
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