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Black or underground or illegal economy: Black or underground or illegal economy has to be conceptualised as an integral and growing part of a variety of economies which emerg
summary of general equilibrium
Marginal Revenue, Marginal Cost & Profit Maximization * Determining profit maximizing level of output - Profit (π ) = Total Revenue - Total Cost - Total Revenue (R) = Pq
2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag
how can a consumer get maximum Equlbrim
types of elasticity of demand
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
implications of varios market structure for price determination
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
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