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Relation between TP and MP: Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure. See that
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
what is the explanation about supply analysis?How to understand?
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
the general characterictics of economic models,its limitations and verification
As stock markets have crashed, and uncertainty has increased, consumers move their money to the safest currencies and countries in the world. Predict the effects of an increase in
why is international trade important for south africa
Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry
-1- ASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100.0
Syndicated and organized oligopoly
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