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1. Explain the industry and describe the general pattern of change of the particular market model.
2. Hypothesize the basic short-run and long-run behaviours of the model in the industry you have chosen in a "market economy."
# review of Article what can economic theory contribute to managerial economic#
price output determination under monopoly explain
100 schools are given exactly one million dollars each in grant money. They can spend the money on any or all of three programs: math tutoring (math), kickball lessons (kickball),
How can a firm''s security policies contribute and relate to the six main business objectives.give example
CHARACTERISTICS OF MANAGERIAL ECONOMICS 1. Uses theory of firm: Managerial economics uses economic principles and conceptsthat are known as theory of Firm or 'Economics of the
when the data is descrete and incremental changes is measurable, what is it?
Q. Total cost of Factor Combinations? Here we try to find total cost of every factor combination and choose the one that has the least cost. Cost of every factor combination is
DIGRESSIVE TAX A tax is called digressive when the higher incomes do not make a due contribution or when the burden imposed on them is relatively less. Another way in which
• Budget constraint, budget line, budget set, Budget constraint is a very important concept in economics and is utilized even in advanced economic theory. Let the competent tutors
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
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