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Explain the role of managerial ecnomist in kissan &dipsy fro ub group
The Industry's Long Run Supply Curve * The Effects of Tax - Earlier we studied how firms respond to taxes on an input. - Now, we will consider how firm responds to tax o
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
Formal and Informal systems - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to
Changes in Market Equilibrium Equilibrium prices are known by the associate level of supply and demand. Supply and demand are decided by particular values of supply & demand
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Elimination of waste - Stock Management Here is a definition of the elimination of waste: Anything other than the minimum amount of equipment, material, parts and working t
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