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meaning of opportunity cost under theory of cost
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s
explain diagrammatically the bains model of limit pricing.
Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model
keynsian cross model
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
what are monetry accounts?
differentiate between normative and positive statements in economics with the help of a statement
describe the dominent firm model
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