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fig2.3 elaplanition of sales maximisation
Why some country saving less and consumption more?
Why concept of Elasticity is important in economics? Elasticity is very important concept in economics because it affects the decision of individuals as well as of the whole e
The question states that a hotel charges $60 a night for a room per night during off peak. This hotel has a fixed cost of $75 per night and variable costs of $40 per night (only ap
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what is the Theory of second best? Prove the theorem with the help of digram
compare the concept of MRTS with the MRS and discuss the similarities and difference between them?
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
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
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
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