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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
reaction of mechanism of nitrous acid with benzene diazonium chloride in presence of Cuperous oxide
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1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
how does the concept of possibility production curve aplicable in real life?
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
How can we test adulterants in vegetable oils?
explain the relationship between scarcity,choice and opportunity cost
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