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Economic Cycle
The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indicators.
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
Individual demand curves for two perfectly competitive market TC1=10q1+1/2q1^2+100 = firm 1 TC2=10q2+q2^2+100
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond
The circular flow diagram is used to represent the interdependence that exists between sectors of the economy. The diagram illustrates that there are various collections of same e
What is inflation gap
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
quasi rent theory
explain abnormal profits and normal profits
How does the indifference curve and budget line for a neutral good look like?
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