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how do you find the average fixed costs using total fixed costs and total product?
What is buget line how it is calculated?
argument against in favour of traditonel theory profit maximisation
MUa/MUb how it happens? and why this occur?
Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket.
baumol''s theory
how the increase in price will affect consumer''s ability to maximise satisfaction?
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
identify and discuss four major managerial factors that lead to dis-economies of scale
Case 1: The market for drugs Supply, demand, and equilibrium: The market for drugs. Suppose the market for drugs is a perfectly competitive market. Let the supply curve
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