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micro.economics, Managerial Economics
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Arguments in favour of monoploy, ARGUMENTS FOR MONOPOLIES Although mon...
ARGUMENTS FOR MONOPOLIES Although monopolies are usually hated mainly because their practice of consumer exploitation, there are some aspects of monopolies which are favourabl
Advantages of progressive tax, Advantages a. It is more equi...
Advantages a. It is more equitable. The broader shoulders are asked to carry the heavier burden. b. It satisfies the canon of productivity as it yields
Explain the law of diminishing marginal returns, 1. Define 'Arc Elasticity'...
1. Define 'Arc Elasticity'. 2. Explain the law of 'Diminishing marginal returns'. 3. What is 'Prisoner's Dilemma', of non cooperative game? 4. What is 'Third degree Discrimation'?
At what price will demand for product be unitary elastic, Suppose you have ...
Suppose you have estimated the following demand function for the product you sell: Q = 5 - 0.2P At what price will the demand for your product be unitary elastic? (Hint: B
Kaushiks1961@gmail.com, #queCase Study Labor standards Geeta & Company ha...
#queCase Study Labor standards Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The company is co
Price elasticity of demand, Price Elasticity of Demand Is the respons...
Price Elasticity of Demand Is the responsiveness of the quantity demanded to changes in price; its co-efficient is Pe d = Proportionate change in quantity demanded
An optimum population, An optimum Population Countries are often descr...
An optimum Population Countries are often described as under populated or overpopulated. From the economist's viewpoint these terms do not refer to the population density (i.
Implications for the shape of cost function, Q. Implications for the shape ...
Q. Implications for the shape of cost function? A cost function is also a mathematical relationship, one which relates the expenses an organisation incurs on the quantity of ou
Long run output, LONG RUN OUTPUT In the LR whether or not the firm mak...
LONG RUN OUTPUT In the LR whether or not the firm makes profit will depend on the conditions of entry. For example, when surplus profits exist, there will be new entrants bec
Efficiency-wage theories of unemployment, EFFICIENCY-WAGE THEORIES OF UNEMP...
EFFICIENCY-WAGE THEORIES OF UNEMPLOYMENT Efficiency wage theories are clearly non-Walrasian theories in as much as they postulate payment of wages that are higher than m
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