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Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capital equipment). Its calculation is: revenue - cost = profit.
Plss explain bains limit pricing theory.
Question : (a) Using a simple example, diffrence between inter - industry trade and intra - industry trade? (b) Illustrate the reasons for the existence of external economie
What is the theory of Second Best? Prove the theorem with the help of a diagram.
Explainbainlimitpricetheory
Select the production possibilities curve for an economy with 42 units of labor
explain the following disadvantages of amalgamation. Complex nature
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
1. How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service? a 2. The above figure show
Question 1: i) Use a simple human capital model to explain the rationale for undertaking higher education. ii) Why do some people vary significantly in the amounts of human
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