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We can analyse the equilibrium of a firm under Perfect Competition in both the long run as well as in the short-run. SHORT RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION
Case study for consumer behavior using indifference curev
Features of this system The mixed economy includes elements of both market and planned economies. The government operates and controls the public sector, which typically cons
discuss baumols dynamic models
CLASSIFICATION OF TAXES Taxes can be classified on the basis of: a. Impact of the taxes It means on whom the tax is imposed. On the other hand, incidence of the
Marginal Revenue Marginal revenue is the additional revenue an organization receives resulting from the sale of one more item of output. Marginal revenue is calculated by takin
Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
real GDP is increasingly criticized for its alleged failure to adequately measure the standard of living. To what extent do you think this criticism is valid?
NATIONAL DEBT Taxation does not often raise sufficient revenue for the Government Expenditure. So, governments resort to borrowing. This government borrowing is called Publi
if Q=120-2p is the equation for demand curve, find the compounding total, marginal and average revenue function
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