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Explainbainlimitpricetheory
Revenue and Profit Maximization: Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
What is the expected profit?
thoery explanation
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
#question.what is probability and laws
VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ENTAILS
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
#q7. Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) sched
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