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Draw an indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure, this is different.)
suppose you have a coffee shop. list of fixed input and variable input for operating the shop
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
SUPPOSE A MONOPOLIST FACES A DEMAND CURVE OF D(P)=10-P AND HAS A FIXED SUPPLY OF 7 UNITS OF OUTPUT TO SELL.WHAT IS THE PROFIT MAXIMIMISING PRICE AND WHAT ARE ITS MAXIMUM PROFITS
explain and illustrate the changing demand for big mac using indefference curve and budget line
fig2.3 elaplanition of sales maximisation
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
What is the mathematical definition of price elasticity of demand The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change
implications of market structures on price determination
i when should continue to produce in the short run
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