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Uses and Habit Forming Commodity -price elasticity of demand: The number of possible uses : A commodity has high price elasticity of demand (or elastic demand) if it can be p
how to estimate costs?
explain the fundamental task of economic system usin tomatoes as an example
explain 6 factors that determine volume of production
Determinants of Social Demand for Education - Equity Perfect equality is not observed in any society. Hierarchy in status, standards of living, capacities for effective demand
Marginal Revenue, Marginal Cost & Profit Maximization * Determining profit maximizing level of output - Profit (π ) = Total Revenue - Total Cost - Total Revenue (R) = Pq
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
would a rational producer be concerned with the average or marginal product of an input in dec
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
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