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Inverse Demand Function: If variable factor prices changes, then the isocost line will tilt and consequently, the optimal factor requirement will be different. Suppose the wage rat
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you ex
What are the two main forms of economic distribution? What is the difference between them? The two major forms of economic distribution are exchange and transfer. Exchange in
Economies of Scale
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
suppose you have a coffee shop. list of fixed input and variable input for operating the shop. ques-2 describe the condition under in which labour treated as variable cost and whic
how a firm will choose its optimal inputs, isocosts and isoquants explanation
What are the 2 approaches in which results into a higher satisfaction?
types of elasticity of demand
concept of risk analysis
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