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#questASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
if tc is 200 what will be marginal cost?
Policy Implications: The expansion of the services sector has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:
define opportunity cost and how it is useful in managerial decision making?
how to make attractive assignment on theory of supply
A tax imposed on a market with an inelastic demand and an elastic supply will cause
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
AskPharmaceutical companies can expect to earn large profits from blockbuster drugs (for high blood pressure, depression, ulcers, allergies, sexual dysfunction) while under patent
#question.what is elasticity of demand? .
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