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Suppose a firm faces two markets for the same product. In market A, the demand function is PA=60-QA, while in market B the demand function is PB=36-0.5QB. The total cost function i
Explainbainlimitpricetheory
Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in
how to calculate the volume of exports? or what is the definition?
Neutrality: Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for o
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Explain the meaning of the statment "coffee and tea are close substitutes".
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Describe Ionization energy or ionization potential and The factors affecting the ionization energies
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