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the diagram used to illustrate abnormal and normal progits
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Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity. The elasticity coeffic
discuss the implications of various market structures(competitive and non-competitive) for price determination
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
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
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
What is paramagnetic?
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
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