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What are the significant tools of the perfect competition and the supply curve?
Perfect Competition and the Supply Curve:
a. In Perfect competition the characteristics of a absolutely competitive industry
b. How a price-taking producer verifies its profit-maximizing quantity of output
c. Earnings and why an unprofitable producer may carry on to operate within the short run
d. Difference between short run and the long run behavior of industries
e. Industry supply curve within the short and the long run
critically analysis the profit maximisation theory of business firm and illucidet the role of profit in business
Bank of Issue The central bank enjoys the monopoly of bank note issue i.e. no bank other than the central bank is authorised by law to print currency notes. Printing of paper
monopoly
Importance of Income Elasticity If a country is experiencing economic growth, the income of the people will increase. However, for those engaged in the production of goods wi
what is the definition
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Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a
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For the pair of supply and demand equations,where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the e
Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
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