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Q. Types of production function?
Production function is of two different forms:
Frank H. Knight treated profit as a residual return to uncertainly profit. Obviously knight made a distinction between risk and uncertainly he divided risk into calculable and non-
factors influencing the demand for dove soap
MONOPOLISTIC PRACTICES The following practices may be said to characterize monopolies. Exclusive dealing to supply and collective boycott Producers agree to supply onl
What is advertising elasticity? Explain
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
The acme paper company lowers its price of envelopes (1000 count) from $6to $5.40.
Real Rigidities in the Credit Market How imperfections in the goods markets enable firms to set prices so as to generate price rigidities, e.g., because of countercy
wHAT IS THE SIGNIFICANCE OF EXPECTATION ELASTICITY ?
factors affecting demand forecasting
In the short-run the firm can't modify or change overhead factors like equipment, plant and scale of its organisation. In the short-run output can be decreased or increased by chan
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