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What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret
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how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
Production Function Models
advantages and disadvantages
what is direct utility in micro economics?
If the average variable cost curve is horizontal, what is the shape of the short-run marginal cost curve? What shape would the short-run average cost curve be?
what is reciprocal demand?
discuss african traditional methods of production and processing of food
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
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