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define and explain theory of production?
explain nature of microeconomic
What would be a factor that would make the prospects hopeful for overcoming the demand for resources in the future
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
in aid of a diagram explain the concept of diminishing returns in production
implications of market structures on price determination
what is le''chatliers principle?
1. Ayanna grows herbs. Last year she grew 2,000 pounds of herbs in a year while using 250 square feet of land and 1 worker. This year she doubled her land to 500 square feet, doubl
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