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Define law of supply. Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then s
would a rational producer be concerned with the average or marginal product of an input in dec
PRICE ADJUSTMENTS UNDER FIXED EXCHANGE RATE: In a flexible exchange rate regime trade deficits (surpluses) are automatically corrected by a depreciation (appreciation) of a co
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
write down the assumotions and importance of game theory
Chemical properties of p block elements
What is the theory of second best? Prove the theorem with the help of diagram.
Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin
what is the differences between utility theory, indifference theory and revealed preference theory
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