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Question 1 Discuss the short-run cost-output relations
Question 2 Write a short note on pure competition
Question 3 Describe excess profit criterion
Question 4 Discuss the various ways by which rival firms may react to change in price made by one firm
Question 5 Explain the effects of taxation on the equilibrium of a firm
Question 6 Write a short note on imperfect competition in the factor market
Functions of the WTO: The WTO performs the following functions: • It administers through various councils and committees the 29 agreements contained in the final act of
1. Consider a world with two assets: a riskless asset paying a zero interest rate, and a risky asset whose return r can take values +10% or –8% with equal probability. An individua
how to find total revenue total cost approch in equilibrium firms
the sources of market failure
explain normal profits
How elasticity is always referred to as a positive value even though it can be negative? In economics, elasticity is measures of the incremental percentage change in single va
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
Using a diagram explain the equilibrium point of a monopoly
what is cob duglus production function?
What is checkable bank deposits?
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