Help, A firm is currently operating where the MC of the last unit produced ...

A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?

Point elasicity, Q=10-2P,PRICE DECREASE FROM RS 3 TO 2

Q=10-2P,PRICE DECREASE FROM RS 3 TO 2

Uses and habit forming commodity -price elasticity of demand, Uses and Habi...

Uses and Habit Forming Commodity -price elasticity of demand: The number of possible uses : A commodity has high price elasticity of demand (or elastic demand) if it can be p

Critically examine recent development in demand theory,

What is law of variable proportions?, what is law of variable proportions?

what is law of variable proportions?

Coefficient of the explanatory variable, Problem: (a) Why is an error t...

Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl

Laws of economic theory, meaning of economics laws

meaning of economics laws

Market structures, implications of market structures on price determination...

implications of market structures on price determination

International econonics, Strictly give the diff. btw the theory of reciproc...

Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage

Describe the term price elasticity of demand, Problem : (a) Describe th...

Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and  Explain how demand of a commodity will change if there is a tax on that product