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Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat
Would a risk loving person prefer an increase in the chance of winning the lottery by 20% or an increase in the jackpot of 20%
Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu
A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college
What are the economies and diseconomics of scale?
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
ways of imroving productivite
Why concept of Elasticity is important in economics? Elasticity is very important concept in economics because it affects the decision of individuals as well as of the whole e
How does planning serve as a solution to economic problems?
if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
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