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Causes There are a number of explanations of the business cycle but changes in the level of investment seem to be the most likely. In the simplest Keynesian model an increase
NORMAL AND SUPERNORMAL PROFITS Normal profit refers to the payment necessary to keep an entrepreneur in a particular line of production. In economics, it is generally belie
Mark works for Maple Feel Inc., which exports maple syrup to Slovakia. Currently, he generates $60,000 a year of net revenues for the firm and his salary is $60,000 per year. Mark
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
Infant Industry Argument Advocates of this maintain that if an industry is just developing, with a good chance of success once it is established and reaping economies of sale,
explain the role of managerial economist
The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-2.5Py+7.5Pz
elasticity concepts occupies a central place in policy formulation explain in details
what is international pricing method?
what are functions of management
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