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Returns to Scale Measuring relationship between scale (size) of a firm and output 1. Increasing returns to scale: output more than doubles when all the inputs are doubled
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
comparing GDP between indonesia and haiti
value of marginal product
In an industry with two firms, represent the outputs for these single product firms as q 1 and q 2 . The two firms decide to form a cartel and set their levels of output to maxim
#how do you draw a demand curve on excel
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
What is studying platform? Explain this term in brief. Studying Platform: A studying platform into modern economics comprises some basic economic principles or theories. Thi
the short run can be defined as any period of time
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