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Slope of an Iso-quant: Since along an iso-quant the level of output remains the same, if θL units of θL are substituted for K units of K, the increase in output due to θ L
define cost its types with curves
WITH reference to incidence taxation,explain with the help diagrams,who bears the incidence of taxation when the demand for a commodity is perfectly inelastic, perfectly elastic an
1. Cost minimizing firms must be profit maximizing as well. False, why??
why value of marginal product is negatively sloped
Arbitration The use of a third party to describe between two sides dead locked in a negotiation. The arbitrator's decision can be binding or not binding, as before agreed upon
what is wage?
The Effects of Advertising on the Demand Curve: Advertising targets to: • Change the slope of the demand curve which means make it more inelastic. This is done by generat
what are the uses of elasticity to the private sector
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
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