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Differentiate between firm and industry. A firm is a business unit produced for the purpose of carrying out some kind of trading activity. The term "firm" is used in many ways
function with equation,variable,parameter
discuss utility
Why Average Revenue= Marginal Revenue
types of cost
Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic agents about the future values of macroeconomic varia
draw the total revenue curve and the total cost curve showing the profit maximizing level
Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
implications of market structures on price determination
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