Super normal profit, economics, Microeconomics

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whit is mean super normal profit

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Capital intensive operations, Where minimum efficient scale is very huge fo...

Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of

Utility maximization, u=2x^2+3y^2 hence income=310 birr and price=3 birr c...

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THEORY OF REVEALED PREFERENCE: If consumer's taste and preferences do  not change, then observation of her market behaviour or, actual act of choice between the commodity sets

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Q. Can you explain about Counterfactual? The ‘base case' or counterfactual is a statement of what could have happened without policy intervention, or if the policy intervention

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What are the uses of elasticity’s to the public sector and private sector?

Calculate the expected value, 1) Investments 1A) What are the ...

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Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.

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Dynamic Changes in Costs: The Learning Curve *  The learning curve measures impact of worker's experience on costs of production. *  It describes relationship between a firm

1, a) Consider the following flows (in thousand of people) between the vari...

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