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Q. What is Internal Diseconomies of Scale? Internal economies of scale exist only up to a certain size of the plant. Size of plant is called the optimum plant size since with t
law of demand
How does economic theory contribute to managerial decisions?
gap between economic theory and business practice
Let consider the economy (above) again where the following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4) for the prices (p 1 , p 2 , p 3 )=(1,
Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.
Michael was discussing the importance of production analysis and cost analysis to managerial economics with a final year Open Campus student. The final year student, Catherine, sta
When given two demand functions to calculate elasticity of demand do you use point elasticity or arc elasticity of demand formula
#quest Describe the oligopoly market structure and give some examples.ion..
what is objective
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