PPC, Microeconomics

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how to find opportunity cost on PPc

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The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity.  The elasticity coeffic

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Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l

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Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others

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What do you mean by average product, Average product of a factor is the tot...

Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand

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graphical illustrations describing the influence of an increase in immigrants on the market supply of labour

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