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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.
Illustrate and discuss the impliction of various market structures(competitive and non-competitive)
COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
IS Mn3O4 basic or amphoteric.
Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv
Question : (a) Differentiate between the characteristics of a perfectly competitive market and those of a monopoly market structure. (b) To what extent is a monopoly mark
how to estimate a regression model that tests for higher ability individuals get a greater return from schooling
what do you mean by social welfare function
what are the merits and demerits of deductive inductive methods in economic analysis?
why raise MC cost after minimum level ?
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