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Why short run average cost curve is ‘U’ shaped
Explain the first-order condition of sufficiency of consumer. Sufficiency of Consumer’s First-Order Conditions This first-order condition is merely essential conditions for
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
What is hyper inflation? How it can be reduced? Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th
ppf
Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at vary
would a rational producer be concerned with the average or marginal product of an input in dec
are most local phone companies natural monopolies?
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
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