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problem solving
what is equilibrium
How solve central problem of economy in mixed economic system?
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
What are the basic questions to be answered by economic institution? Four fundamental questions should be answered by any economic institution as: a. What goods and services
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
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Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
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