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Average Total Cost (ATC): ATC is the total cost per unit of output. ATC = TC/y = (TFC + TVC)/y = AFC +AVC ATC falls sharply at the beginning of the production process because
International Monetary Fund: International Monetary Fund (IMF) is one of the two institutions that were established as a result of the Brettonwoods Conference in 1944, the oth
what are tne methots of demand forecasting ?
related documents, photos,paper for permission from court etc.
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
how do you calculate opportunity cost
Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Describe Dalton''s law of partial pressures, specification of Dalton''s law of partial pressures, Dalton''s law states that, at a given known temperature total pressure exerted b
what is theory of product pricing?
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