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Q. Describe Managerial and behavioural theories? It was only in 1960s that neo-classical theory of firm was disputed by alternatives like behavioural and managerial theories. M
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2
Cross-elasticity is the measure of responsiveness of demand for a commodity to the changes in price of its substitutes and complementary goods. For example, cross-elasticity of dem
Problem 1: Using the policy neutrality proposition, Illustrate and determine the effectiveness of applying counter-cyclical monetary policy to stabilise output around its long
Suppose a firm's budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i
Market Structures This refers to the nature and degree of competition within a particular market. Capitalist economies are characterised by a large range of different market
In the short-run the firm can't modify or change overhead factors like equipment, plant and scale of its organisation. In the short-run output can be decreased or increased by chan
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
determination of size of firm
Explain baumol''s static model
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