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f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
what are fundamentals of welfare economics?
#explain bains theory of limit pricing theory
is south african economic system more allocative efficient?
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
HOW TO REDUCE SMOKING USING INDIFFERENCE S AND BUDGETLINE
what the third degree price discrimination with case study of two successfull and unsuccessfull cases?
There are different reasons for state trading. Important reasons are given below. (i) State may directly buy the goods required by the various government departments and agencie
The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-2.5Py+7.5Pz Where Px is the price of brand X, I is per-capita income, Py IS the price of brand Y, and Pz is th
Isoquants * Assumptions - Food producer has 2 inputs Labor (L) & Capital (K) * Observations: 1) For any level of K, output increases with L. 2) For any
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