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Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
What is an effective need of demand 1. An Effective Need: Effective need demands that there must be a need supported by the capacity and readiness to shell out. Henceforth there
explain williamsons model of managerial discretion?
Give some examples for marginal and incremental principle
State about Production theory Production theory assists in determining the size of firm and level of production. It clarifies the relationship between marginal and average cost
“Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm’s scarce resources” Explain the statement with suitable example.
Using the same simple macro model we developed in Module 2: a. Show what will happen to national income (GDP) if the administration implements another $100 (billion) stimulus s
The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-2.5Py+7.5Pz
producer equllibrium
Goverment Banker, Fiscal Agent and Adviser Central banks in all countries acts as the fiscal agent, banker and adviser on all important financial matters to government of thei
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