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A firm sells its product in a perfectly competitive market where other firm charges a price of $90 per unit. The firm's total costs areC(Q) = 50 + 10Q + 2Q2. How much output should a firm produce?
If a social entrepreneur is relying on contributions, are there not risks in being accountable and using that money wisely?
What is money wage rate While the money wage rate or nominal wage rate is the hourly wage rate calculated in money that a worker receives for supplying labour, the real wage r
In order to encourage you to take interests in the current affairs in business, and have more concerns about the real world problems (which is what economics is about), you are req
Which of the following equations is FALSE for perfectly competitive firms? A. Total cost = fixed cost + variable cost B. Marginal cost = change in total cost / change in quantity o
What is banking?
Give example to calculate the price level Imagine that we have created a particular basket of services and goods. We calculate price level at four different points in time duri
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Suppose you belong to a tennis club that has a monthly fee of $75 and a charge of $5 per hour to play tennis.
Scope of Economics
What is ‘Third degree Discrimation
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