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state 3 major assumptions which a production posibility is based
Explain the difference between a stock and a flow. A stock is something whose quantity is calculated at a point in time, whereas a flow measures the quantity of something ove
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
Yao''s weekly demand for basketballs is given by Qd = 3-P^2 where P is the price of basketballs. At the current price, Yao''s demand for basketballs is unit elastic. What is the cu
The sales of a company are the part of the total sales of industry. If the conditions of industry changes then the sales of each of the firm in the industry is affected. All teh ti
Define the concept of cross elasticity of demand
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential
critically analysis firm theory of profit maximization?
COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl
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