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Negative profit FC + VC > R(q) MR > MC Indicates higher profit at the higher output - Question: Why is profit negative when the output is zero? - Outp
what is the theory of second best?prove the theorm with the help of diagram?
1. Select a data series that you wish to forecast. Make sure that it has some importance to you relative to business, future occupation or other special interest. Obtain monthly or
Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person. Indifference Curves 1. Indifferen
what is discounting principle?
In 1939 the U.S. economy was operating where in the production possibility curve?
who is a rational behaviour
what is the meaning of total revenue?
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
explain the fundamental task of economic system usin tomatoes as an example
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