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if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
Introduction for a natural monopoly assignment
What is methodological economics? how its significance, Describe use of methodological economics...
A city government regulates taxi fares. It also limits the number of taxicabs (by licensing), and has not changed the limit on cabs for lot of years. At one time vacant taxis wer
Difficulties in Measuring Cost 1) Output data may represent an aggregate of different type of products. 2) Cost data may not include opportunity cost. 3) Allocating c
What is snob effect
Elasticity of Price Expectations (epe)
Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:
The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed
how to solve for marginal revenue
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