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• If Mary uses all her resources to produce hats, she can produce 48 hats an hour. • If she uses all her resources to produce apple pies, she can make 24 apple pies an hour. how
Balance of payment: It is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually on
short run equilibrium of the industry
Highlight the few heading of it
What are the factors that determine the volume of production?
Discuss MO theory in detail?
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
prove the theorm with the help of diagram
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