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Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch
Area of Dominant Influence (ADI) The ADI is a geographic area made up of all over the world that receive signals from radio and television stations in a individual market.
Problem 1: i) Distinguish between the different types of concentration measures. ii) Derive and explain the Dorfman and Steiner (1954) condition for optimal advertising.
what is market economy and how it solve the central problem
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
an explanation of the meaning of price ceiling
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
aid of production possibilty curve
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
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