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Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l
Curvature of the Iso-quant: An iso-qunat is convex to the origin. This is so because as more and more units labour are employed, the producer would prefer to give up less and
critically analysis firm theory of profit maximization?
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
What is equilibrium point
Your company has a product that it is interested in marketing in a foreign country. Using one of the following Websites, click on a country of your choice to learn about Etiquette,
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