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why does gap between the ATC curve and the AVC curve decreases as the level of output increases
what is pooling equilibrium
Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at vary
Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person. Indifference Curves 1. Indifferen
What are the advantages of using mathematics in Modern Economics? Many of the advantages of using mathematics are as follows: a. The “language” used and the explanations of
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
Ask question how do I find the Price
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Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
what is the second best?prove the theorem with the help of a diagram?
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