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Marginal rate of technical substitution in the theory of production is similar to the concept of marginal rate of substituent to in the indifference curve analysis of consumer dema
REAL VERSUS NOMINAL PRICES • Nominal price is a complete or current dollar price of a good or service when it is sold. • Real price is the price related to a combined me
Choosing Output in Long Run * In long run, a firm can change all its inputs, including size of the plant. * We are taking free entry and free exit. * Accounting
Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the
equilibrium of production
find the highest premium find the actuarialy fair premium
How solve central problem of economy in mixed economic system?
illustrate and explain the changing demand for big mac using indifference curve and budget line
illustrate a long-run equilbrium using diagrams for the gold market and for a representative gold mine
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