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do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.
why is the concept of elasticity crucial to the study of economics?
Just in Time Scheduling - JIT JIT techniques are being widely adopted by operations managers in manufacturing companies in the West. JIT ideas have not only had a profound im
This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
why the production curve is bowed outwards
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
what is economic model and role of assumptions in it.
Managers: Top directors and managers of larger companies who are assigned the task of organizing disciplining workers, initiating production and accounting to shareholders for perf
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
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