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if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
what does production possibilty curve means?
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
MUa/MUb how it happens? and why this occur?
How do we evaluate the value of money? Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and de
(ii) Find a real-world example of second-degree price discrimination. Describe the important aspects of your example in detail and analyze it using economic theory. In particular,
What are the keys of the profit maximisation in production technology? Profit Maximization in production technology: a. Producer Behavior b. Producer’s Optimal Choice
what is economic model and role of assumptions in it.
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