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elasticity of demand
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
Explain consumer sovereignty and why it might not be that extensive in real life. Explanation of consumer sovereignty Use of S/D model to show how changes in consumption pat
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
WHAT IS OPPORTUNITY COST
critically analysis firm theory of profit maximization?
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
what is the theory of second best ? prove the theorem with the help of a diagram ?
Production with Two Variable Inputs * There is relationship between productivity and production. * Long run production K& L are variable. * Isoquants analyze and compa
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