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when total production fall what,s the status of average product and marginal product
Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav
Special Drawing Rights: The late 1960s witnessed that the growth in world resources did not keep pace with the growth in international trade. The slackness in the growth of re
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
how do minimum units cost change with changes in fixed cost
Define
characteristics of microeconomics
reasons for and against free trade with foreign sector
THEORY OF COSUMER BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference
This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as
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