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unemployment is voluntary, discuss in view of the classical economists and the keynesian
Define the Production Possibilities Curve
What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
what is the theory of second best ? prove the theorem with the help of a diagram ?
You are the CEO of Comchip, a firm that sells specialized computers. Each of the firm's computers contain a unique chip that is produced at Comchip's west coast plant at a cost of
If Coolest IceCream ice cream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should Coolest IceCream do to maxim
Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
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