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In the national income analysis, investment refers to the value of than part of the aggregate output for any given time period which takes the form of construction of new structure
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
How Income level must remain constant - law of demand The law of demand operates only when income level of the buyer remains constant. If income rises when the price of commod
In regards to air pollution, use a diagram to show and explain how the existence of pollution can make the market equilibrium inefficient.
what is objective
Income and Substitution Effects of Price Change When the price of a commodity falls the consumer's equilibrium changes. The consumer can purchase the same quantity of X and Y
No new substitutes for the commodity If some new substitutes for a commodity appear in the market, its demand normally declines. This is quite natural, since with the availabil
types of capital budgeting
Q. What do you mean by Oligopoly? Type of market condition that is most appropriate in the today's economy, is oligopoly. It's characterised by mutual interdependence among a f
Q. What is Production Isoquant? An isoquant demonstrates all those combinations of factors that produce the same level of output. An isoquant is also called as equal product cu
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