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For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive
Internal and external economies of scale: Internal economies of scale are the advantages or benefits that the firm enjoys as it expands its size or increases its scale of ope
what is the theory of second best? prove the theorem with the help of a diagram.
All about matter
In the case of a tax abolition on food staples, what are the short run and long run effects?
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
given short run total cost curve :10q^2+4q=100 and short run marginal cost MC=20q+4 and market demand Q=100-p what''s the equation of the short run supply curve?
can economic laws proved universly
Case Study - EUROPE Let us now see how events unfolded over the decades in Europe that led to monetary unification in terms of a single currency and single central bank. At
I am concerned that if we get into price war with Everest Solution
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