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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
why we study micro econmics?
If the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r=10 per unit affect the monopoly optimum and the w
Elasticity is a term broadly used in economics to signify the “responsiveness of one variable to changes in to another.” Types of Elasticity can be explained as follows: Th
how a firm will choose its optimal inputs, isocosts and isoquants explanation
Supply and demand for a given type of MP3 player are given by the following equations: P=980-1.5Qd P=20+0.9Qs
Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf
COBWEB MODEL: Concept of dynamic stability: A market equilibrium is said to dynamically stable only when disequilibrium price and quantity move and over time reach to any eq
managerial problems related to microeconomics
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
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