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(i) Do the laws of economics still work today? (use the case discussed in class to answer this question or any other examples) (ii) Provide examples of three factors that can sh
Q. Explain about Isoquant Map? We can label isoquants in physical units of output without any difficulty. Because every isoquant signifies a specified level of output it's poss
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
ELASTICITY OF DEMAND
Can identity economics explain some patterns observed in the Australian economy
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business decision making concepts of certainity risk unertainity sources of business risk steps invoived in analysiis of risky decisions risk adjustment etc
Describe the Managerial functions A manager has to take numerous decisions that conform to the objectives of the firm. Several business decisions fall prey to conditions of ris
distinguish between industry demand and firm demand..
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