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How to solve questions of endowments?
What is market clearing level and public good? Market clearing level is the price level current in the market at which consumer is willing to purchase a particular commodity f
define perspective of managerial economics.
An economy can produce a maximum of either 28 million tons of wheat or 7,000 automobiles, or various intermediate quantities, as depicted in the table below:
how to write an half equation
2. Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a resu
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
equilibrium of production
Deviation - Difference between the expected and actual payoff - Adjusting for the negative numbers - The standard deviation measures square root of average of squa
marginal utility is applied on money or not
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