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explain the relationship between ATC,AVC and MC by using diagram
What is affected variable and cause variable? In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe
Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma
what is demand function
an increase in immigrants
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
Inflation Types Inflation is generally classified on the basis of its rate and causes, while rate-based classification of inflation refers to the severity of inflation or how h
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
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