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1: Define and explain ‘Law of Diminishing Returns with the help of diagram. What are the different stages of production in the short run?
2: Define and explain ‘Price Discrimination (PD)’ with the help of diagram. Also give examples of Price Discrimination from the real world?
u.s. trucking pays its drivers 40000 per year while american trucking pays its drivers 38000 per year. for both firms
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
Explain, in plain words, illustrate what the R-square in this regression indicates.
All-you-can-eat restaurants allow customers to eat as much as they want for a fixed price. These types of restaurants must make money or they would not remain in business. How can they earn profits when people can always eat more which would increase..
Define the four basic types of trade barriers. Who gains and who loses from a protective tariff? Explain. Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restri..
The problem is that the professors also want to attend the party and enjoy the music with the students but they can only attend if they agree to serve beer to the students. Normally, professors do not like this. The marginal cost to them is 200.
You have been asked by your supervisor to evaluate a new proposal designed to cut costs. Under the plan, workers would be paid a fixed wage of $8 per hour.
If all firms, existing and potential new entrants, face decreasing industry costs in the long run under perfect competition, the industry supply curve will: Necessarily be upward sloping
The book defines Web 2.0 as “Internet services that foster collaboration and information sharing which of the following is not considered a characteristic of Web 2.0?
When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public," and the market for such stock is called the new issue market.
q. 1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
Elucidate why does strong mono tonicity implies local non satiation but not vice versa
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