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why constant return to scale is important
Explain how diminishing returns differ from diminishing returns to scale. The answer should clearly distinguish among SR (one or more factors are fixed) and LR (where all facto
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
Explain about the perfect competition according to economics theory. The procedure of testing and refining theories is the key to the development of modern economics like a sci
Terms of Trade: The ratio of average price of a country's exports, to average price of its imports, is its terms of trade. Theoretically an improvement in a country's terms of trad
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
Q. Explain Function of Central Bank? Central Bank: A public financial institution, generally established at the national level and controlled by a national government that sets
explain the concept economies/diseconomies of scale and minimum efficient scale
is a hotdog vendor''s stand a good example of diseconomics of sale?
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