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explain and illustrate the changing demand for big mac using indefference curve and budget line
what do you mean by social welfare function
the diagram used to illustrate of abnormal and normal profits
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
Marginal Product Theory a. What is the MC of output in the short-run? b. What is the MC of labor (employed)? c. What is the short-run profit-maximizing decision
demand: Qd=100=Px supply: MC=10+1/2Qs assume first that this firm operates in a perfectly competitive market. find the price and quanity in this market.
Williamson’s Model of Managerial Discretion
Hi I need help with elasticity. I think the problem has already been posted to your site.
when does market equilibrium occur?
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