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criticisms of monopolistic competition
Isoquants * Assumptions - Food producer has 2 inputs Labor (L) & Capital (K) * Observations: 1) For any level of K, output increases with L. 2) For any
on what grounds is consumer surplus criticised?
What is cost analysis? Cost–benefit analysis known as CBA, sometimes known as benefit–cost analysis BCA, is a systematic process of calculating & comparing profit and costs of a pr
FUTURE DIRECTIONS: It is often said that the difficult things are the beautiful things, and if they are as vital for healthy national development as an economy, society and po
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
HOW DO YOU ADJUST FISCAL POLICY FOR INTERNAL BALANCE
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Igora''s pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the b
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