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If the quantity demanded of Pepsi Cola goes up, and its supply enhances what will occur in the market for Pepsi?
In the short run, the size of the plant is fixed whereas in the long run a firm can adjust its plant size. One of the choices in the long run will be the short run plant size. That
#question.describing risk,preference towards risk, the demand for risky assest.
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
Explain about the duality between direct and indirect utility. Duality between Direct and Indirect Utility: While seen how one can recover an indirect utility function by ob
How do you calculate marginal revenue, and monopolistic profit?
Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on
discuss how the price mechanism allocate resources in a free market system
Discuss the impact of rational self-interest on each of the following decisions
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