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LONG RUN EQUILIBRIUM FOR THE FIRM Since there is freedom of entry into the industry the surplus profits will attract new firms into the industry. As a result the supply of th
Special Drawing Rights (SDR) These are international reserve currencies created by the International Monetary Fund (IMF) to overcome the problems of using gold and national c
Case study for consumer behavior using indifference curev
explain williamsons model of managerial discretion?
if Q=120-2p is the equation for demand curve, find the compounding total, marginal and average revenue function
Assume that Nicolas and Orson plan to sell soft drinks on a beach this summer. The beach is 400 meters long and sunbathers are spread evenly across its length. Nicolas and Orson se
Write the forecasting techniques There are many forecasting techniques available to person assisting the business in planning its sales. Take for instance a forecasting metho
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
A firm in a perfectly competitive market invents a new situation of production that lowers its marginal costs. What happens to its output? What happens to the price it charges?
Explain cost output relationship with reference to: a. Total fixed cost and output b. Total variable cost and output
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