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Choosing Inputs How to minimize cost for the given level of output. We can do so by combining Isocosts with Isoquants Producing a
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
what is the Theory of second best? Prove the theorem with the help of digram
opportunity cost
This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as
What are the types of demand
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Q. What do you meant by Financialization? Financialization: The trend under neoliberalism through that real production in the economy is accompanied by an increasing degree of
What is market clearing level and public good? Market clearing level is the price level current in the market at which consumer is willing to purchase a particular commodity f
Concepts of Income and Substitution Effects: Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price
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