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Why narrowness of definition of a commodity may influence price elasticity of demand
. Suppose fixed costs increase by $20. How will this affect TFC, TVC, TC, ATC, AVC and MC? Which numbers change and which stay the same?
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
what are the tools for decision making
explain two theories of economic rent
pls i want to estimate a cost function for the data i coollected from a research on cassava production .i have the cost for each input and output but do not how to go abo0ut it.
GENERAL PRINCIPLE OF EXTRACTION OF METALS
Consider two individuals M and F who must split 20 units of good X and 10 units of good Y. Suppose we can represent M's preference with the utility function Um =X ^2 mYm and Fs
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Economies of Scope in the Trucking Industry * Questions: - Economies of Scope - Are large-scale, direct hauls cheaper and more profitable than individual hauls by small t
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