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Explainbainlimitpricetheory
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
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What is meant by minimum wage? The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are examined by the forces of sup
Economies of Common Services: Through the concentration of firms in a particular industry in a given geographical location, the firms may enjoy certain commonservices.These
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
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