limitations, Managerial Economics

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limitations of managerial ecomomics

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LONG RUN OUTPUT In the LR whether or not the firm makes profit will depend on the conditions of entry.  For example, when surplus profits exist, there will be new entrants bec

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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

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Income elasticity of demand, demand function is q=4850 - 5p(1) + 1.5p(2) + ...

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