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concept of narrowness in pure economics
price elasticity of demand any 2 commodities
Diversification - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul
Explain about the deadweight loss and elasticities. Deadweight Loss and Elasticities: The common rule for economic policy is the other things equal; you need to select the p
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
what are the various types of cost curves?
JOINT DEMAND AND COMPETITIVE
why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
Marginal Utility and Indifference Curve - If the consumption of a product moves along an indifference curve, additional utility derived from the increase in consumption of sing
Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A
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