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explain the relationship between ATC,AVC and MC by using diagram
1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a
Q. What do you meant by Investment? Investment: Investment represents production which isn't consumed though rather is utilized in the production of other additional output. In
Explain the meaning of the statement "coffee and tea are close substitutes".
what happens when price is fix and there is a change of the supply and demand curve
illustrate graphically the influence of an increase in immigrants on the market supply of labour
Explain the term economic efficiency? Answer: Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and
equilibrium output and prince is determined in williamson model of managerial discretion ?
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
When should a firm shut down production in the short run?
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