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what is modern theory
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
factors influencing the conditions of demand for a given product
merits and demerits of monopsony
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
Revenue and Profit Maximization: Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in
similarities
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
Average Total Cost (ATC): ATC is the total cost per unit of output. ATC = TC/y = (TFC + TVC)/y = AFC +AVC ATC falls sharply at the beginning of the production process because
Draw a Production Possibilities Frontier with consumer goods on the vertical axis and capital goods on the horizontal axis. Show how the PPF will shift if the production of capita
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