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explain baumol''s sales maximisation model in detail
what is cardinal and ordinal utility?.
Ajax has the following short run cost curve when tc=800000-5000Q+100Q2
Suppose that the government is the only provider of water. The market demand function reads D: Q(P) = 50 - 2P. The government''s total cost for producing water are described as fol
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
Internal and External factors of business operation External factors : A firm can't exercise any control over these factors. Thepolicies, plans and programmes of the firm m
how manager can apply scarcity and oppotunity cost in managerial decision making
Cheap Labour It is often argued that the economy must be protected from imports which are produced with cheap, or 'sweated", labour. Some people argue that buying foreign
law of demand
The nature and function of money The development of money was necessitated by specialization and exchange. Money was needed to overcome the shortcomings and frustrations of t
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