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Types of production function
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
#questions..
what is the second best?prove the theorem with the help of a diagram?
scope of microeconomics
Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price. Thus: - If
How we constract the cost structure of firms
i) Two firms, A and B, are operating in a UK textile industry under duopolistic condition and choose to either produce at "High" price or a "Low" price. Suppose you are the man
Modem theories of trade
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