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causes for emergency of monopoly
Learning curve implies: 1) The requirement of labor falls per unit. 2) Costs will be high at 1 st and then will fall with learning. 3) After eight years the labor requ
Employment The calculations of human input in the production procedure. In the United States, there are two major measures of employment, as determined by the Bureau of Labor
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model
is south african economic system more allocative efficient?
Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
7.Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
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