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This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion
explain the concept economies/diseconomies of scale and minimum efficient scale
What is the difference between MRTS & MRS?
electron configurations
Elasticity is a term broadly used in economics to signify the “responsiveness of one variable to changes in to another.” Types of Elasticity can be explained as follows: Th
what is bains theory ? describe with the diagram
Inductive effect
There are various implications of the monopoly model; many of which lead to criticisms of monopoly on issues of both technical /allocative efficiency. The prices and output verifi
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
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