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1. What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2. Define economies of scale and e
Marginal Product Theory a. What is the MC of output in the short-run? b. What is the MC of labor (employed)? c. What is the short-run profit-maximizing decision
Theories and Models ?? Microeconomic Analysis – Theories are taken in use to describe the observed phenomena in terms of a set of essential rules and
Critically examine recent developments in demand theoryon #Minimum 100 words accepted#
what total cost function yields a U-shaped average total cost function
Policy Measures for Private Sector Investment Policy measures aimed at reforming education financing was made with two major propositions, viz. (i) Improving the efficiency
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
calculate demand function is Q=100-P, where Q is quantity demand and P is price
define and explain theory of production?
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
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