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If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
Q. What is Monetarism? Monetarism:Monetarism was a right-wing economic theory (associated with work of Milton Friedman, in particular) which believed that inflation could be co
concept of innovation theory of profit and criticism
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
any ideas?
Formal and Informal systems - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
how to solve min (x+y/2, 2y+3x, 3x)
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