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arguments in favour and against of Theory of Profit Maximization
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
1. Assume that Malaysia can produce cencaluk at 25 bottles per worker and belacan at RM5 per worker. Assume that Indonesia can produce 10 bottles of cencaluk per worker and 20 pack
what is the differences between utility theory, indifference theory and revealed preference theory
Why Average Revenue= Marginal Revenue
draw the total revenue curve and the total cost curve showing the profit maximizing level
Member's Quota in IMF Quota represents the subscription by a member country to the capital fund of the IMF. Quotas are fixed for each country, taking into account such factor
When should a firm shut down production in the short run?
calculate demand function is Q=100-P, where Q is quantity demand and P is price
What are the uses of elasticity’s to the public sector and private sector?
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