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Trends in the Growth of Production and Productivity: From an analysis of the trends of growth of production and productivity of agricultural sector as a whole and of differen
We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
meaning of opportunity cost under theory of cost
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Compensated Demand Curve: Compensated demand function for a commodity (say x1) of an individual consumer represents demand quantity for that good (which is purchased by the co
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
What is Demand Forecasting? Explain in brief various methods of forecasting Demand.
Explain how normal profit and abnormal profit differ. Normal profit (breakeven) - which must contain commentary on the inclusion of opportunity costs. Abnormal profit should be
Differentiate between firm and industry. A firm is a business unit produced for the purpose of carrying out some kind of trading activity. The term "firm" is used in many ways
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