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define and explain theory of production?
why s-block elements are powerful reducing agent?
explain bains model of limit pricing
It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st
Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in
explain normal profits and abnormal profits
What is indifference curve and its properties?
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With the aid of a diagram explain the long run average cost curve and the influences upon it.
how do I find the marginal value product?
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