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What is the formula of finding Fixed cost of a quadratic function
Q. Time Factor for Determinants of Demand? Price-elasticity of demand depends moreover on the time that consumers take to adjust to a new price: longer the time taken, greater
TC=100+0.15Q, Qu=1000-10Pu
discuss the significance of managerial economics in regards to business strategies employed by business entities currently operating in the global economy
Factors determining Elasticity of demand Ease of substitution. Nature of the commodity i.e. whether it is a necessity of life, luxury or addictive. Consumers
Location problem in the plane: In Kent, the council to respond to the people and government needs, it decided to establish 3 community care homes. The towns are recorded with t
Prices of other related goods i) Substitutes: If X and Y are substitutes, then if the price X increases, the quantity demanded of X falls. This will lead to inc
how realistic is the sales maximization model from experience with business objectives as pursued by Zimbabwean firms
what is the definition
Functions of Commercial Banks In modern economy, commercial banks have the following functions: i. They provide a safe deposit for money and other valuables. ii.
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