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definition of total revenue,marginal revenue,average revenue
Using the National Output for Calculating National Income A final method which is more direct is the "output method" or the value added approach . This involves adding up
Policy conflicts In their attempts to achieve the policy objectives, governments often face what are called conflict of objectives. These arise partly because unlike private
Legal Sanction: A monopoly as stated above may be the result of a government sanction. The government of a country may legally permit a private monopoly or monopoly in the public s
Dumping If goods are sold on a foreign market below their cost of production this is referred to as dumping. This may be undertaken either by a foreign monopolist, using high
Menu Costs Why do firms not change their prices very frequently? Obviously, the costs of changing prices at frequent intervals and in small amounts must be more than the b
Q. Avoiding Surplus and Inadequate Production? Demand forecasting is essential for the new and old organisations. It is somewhat necessary if an organisation is engaged in larg
Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
Marris constraints of growth maximisation
explain the managerial economics
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