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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.
explain and illustrate the changing demand for big mac using indefference curve and budget line
what are the criticisms of modern theory of rent?
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what is market equilibrium and disequilibrium?
Think of the Golden Ball game. Now player 1 is money-minded and jealous, and player 2 is very good-hearted, so the payoff matrix is follows: Playe
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
LANTHENOIDS
Fiat money is not a new idea. Some European historians recognize the first use of fiat money in Europe resulting from gold and silver smiths issuing their customers receipts for g
How does the approach of someone who has adopted the precautionary principle differ from someone with a blind faith in substitutability, when it comes to a non-renewable resource l
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