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what is mrs
Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
MUa/MUb how it happens? and why this occur?
Consider the following flow (in thousands of people) between the various labour market states in a particular month:
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
If, for a specific project alternative, the discount rate equals the Internal Rate of Return, then the (discounted) Benefit Cost Ratio will equal unity (i.e., BCR=1.0). Define I
how to calculate it given a functuion
Explain what economies of scale are and why they have become increasingly common in later years. Economies of scale - Enhance in fixed factors, but output enhances at a propo
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