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The production function for a firm is expressed as follows: Q = 800K - K 2 +5KL - 7750L + 10,000 Where Q is quantity of units manufactured, K and L are units of capital and
Plss explain bains limit pricing theory.
Micro Economics 1. Discuss the short-run cost-output relations. 2. Write a short note on pure competition. 3. Describe excess profit criterion. 4. Discuss the vario
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
WHAT ARE THE COMPONENT OF ECONOMICS
Static and dynamic multgipier
the basics in micro economics
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
Poverty: A state of having inadequate income or other resources to support a household (or group of households) at a basic standard of living. Poverty can be measured in absoluterr
They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa
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