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what is the theory of Second best? Prove the theorem with the help of a diagram.
discuss the implications of various market structures(competitive and non-competitive) for price determination
what is the theory of second best?prove the theorm with the help of diagram?
Homer consumes only donuts and beer. When he consumes less than 10 beers, Homer would gladly drink one more. After drinking 10 beers, Homer is so drunk that he does not notice any
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
Location of industry and localization of industry: Location of industry tries to answer the key economic question "where to produce". It involves deciding on the area that an
bain''s model of limit pricing with diagram
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
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