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Closesubstitute goods: The number of closesubstitute goods The more substitutes of good has and the more close the substitutes are, the more elastic the demand for the good. Fo
Suppose a firm faces two markets for the same product. In market A, the demand function is PA=60-QA, while in market B the demand function is PB=36-0.5QB. The total cost function i
different types of production funtion and curve given by different economist
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
What is main difference between capital intensive goods and primary products? Primary product means the major product in which the firm is dealing. Capital intensive good mea
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
How might a country exchange rate influence the balance of payments? Definition of the exchange rate; price of domestic currency in another (basket of) currency (currencies). C
#question.explain three neccessary condition to achieve pareto efficiency.
determination of interests rates in classical system
When is the economic theory useless? One misunderstanding is to under-estimate the role of an economic theory. Several people thought an economic theory useless since they thin
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