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3, chapter 12
explain nature of microeconomic
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The total demand consists of: 1. New owner demand and 2.A replacement demand The replacement demand tends to grow with the in the total stock with the consumers. Once a pe
what are things you need to look in manner of functions,elements,purpose,types and definitions?
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
Suppose that the short-run world demand and supply elasticities for crude oil are -0.076 and 0.088, respectively. The current price per barrel is $30 and the short -run equilibrium
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
What are the factors that determine the volume of production?
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