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Determinants of investments: Expected Rate of Return: Investment spending is guided by the profit motive; thebusiness sector buys capital goods only when it expects such
how do minimum unit costs change with changes in fixed cost?
Duality Theorems: The relationship between the direct and indirect utility functions may be described by a set of duality theorems. The following illustrative theorems are pro
explain optimal use of variable input?
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
Types of unemployment: Frictional Unemployment: -It refers to unemployment caused by changes in individual labour markets.This is the type of unemployment resulting from peop
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
WHAT IS OPPORTUNITY COST
Determine Optimal Price, Quantity and Economic Profit A firm has a demand function P = 200 – 5Q and cost function: AC=MC=10 and a potential entrant has a cost function: AC=MC
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