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When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for cand
Learning curve implies: 1) The requirement of labor falls per unit. 2) Costs will be high at 1 st and then will fall with learning. 3) After eight years the labor requ
Why short run average cost curve is ‘U’ shaped
law of diminishing marginal utility its assumptions, limitation, and its practical importance
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
price effect
You are a member of a problem solving group that is concerned with incidents involving losses with their information system (IS). Let us assume that IS loss events can be grouped i
list all the type of cost
why is international trade important for south africa
illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
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