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What are the keys of the profit maximisation in production technology?
Profit Maximization in production technology:
a. Producer Behavior
b. Producer’s Optimal Choice
c. Producer’s First-Order Conditions
d. Sufficiency of Producer’s First-Order Condition
e. Properties of Net Supply Functions
f. Weak Axiom of Profit Maximization
g. Recoverability
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
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Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
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