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show the shape of f orbitals?
what are the properties of cob-douglas production function
explain about rent theory
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
Sources of Economic growth: Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
Question (a) Describe clearly the three concepts of elasticity of demand. Use appropriate examples and diagrams to support your answer. (b) Consider you have been appointed
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
When should a firm shut down production in the short run?
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.
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