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explain normal profits
exams?
Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
what does General Equilibrium in consumption means?
Participation in Global System of Production: As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressiv
how to solve Min (x+y/2, 2y+x, 3x)
meaning of opportunity cost under theory of cost
What is the difference between a change in demand and a change the quantity demanded? There is a distinction among demand and quantity demanded. Demand explains the behavior o
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
Question : (a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether c
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