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do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.
explain normal profits
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
indifference curve for the demand for big macs
when total production fall what,s the status of average product and marginal product
I am risk averse, and trying to maximize my expected value of c0, 5, where c is my fortune. I have 50.000 in cash, and also art with a value of 200.000 which I keep in my basement.
What are the uses of elasticity’s to the public sector and private sector?
Returns from Education Monetary benefits from education are called as returns. Such benefits accruing to an individual are called as private returns. The sum of all private re
consumer equilibrium by indiffrence curve approach
Determine the Cross Elasticity of Demand Measures the responsiveness of demand for good A to a given change in the price of good B. It is an significant piece of information to
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