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would a rational producer be concerned with the average or marginal product of an input in dec
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
what is chemical analysis of iron ?
Q. Definition of labour force? Labour Force:Total population of working-age people who are willing and able to work and who thus have ‘entered' labour market. Labour force incl
Consider 2 firms i=1,2 producing quantities q1 and q2 respectively. Let the market price be given by P=a-b(q1+q2). Firm 1''s Marginal cost c is common knowledge but 2''s cost is no
illustrate graphically the influence of an increase in immigrants on the market supply of labour
if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer
consumer=m with the help of indifference curve analyis
What are the different pricing practices?
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