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During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
suppose a firm''s total revenue depends on the amount produced (q) according to the function R= 70q-q2 total cost dependson q: C=q2+30q-q2
why is the concept of elasticity crucial to the study of economics?
Perfect competition: The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situation
project on visit to village for agriculturebased project
"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
what is the theory of second best ? prove the theorem with the help of a diagram .
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
explain abnormal profits and normal profits
Using tools of indifference curve, highlight on consumption in business economics.
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