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How is consumer utility calculated?
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
What is the importance of microeconomics in study of managerial economics? Normal 0 false false false EN-IN X-NONE X-NONE
need help for my micro assignment
Explain in detail the concept of PPC with suitable eg.
Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or
How does the PED and PES of commodities affect producers in developing countries? Explanation of PED (formulaic) Definition of PED outlining commodities as having lo
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
assumption of mariss model
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