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is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
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What are economies of scale and diseconomies of scale? In economics, returns to scale and economies of scale are terms that are related and sometimes incorrectly used intercha
uses of time series in indian economy
The price of petrol fell during the past year. a. Explain why the law of demand applies to petrol just as it does to all other goods and services. b. Explain how the substitu
a. The diagram above depicts the current position of a hypothetical economy using the Keynesian Income/Expenditure approach. If national income is currently at Y1 explain why this
The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab
Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
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