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Which of the given is not true for a firm within perfect competition: w) Profit equivalents total revenue minus total cost. x) Price equivalents average revenue. y) Average revenue is greater than marginal revenue. z) Marginal revenue equivalents the
Elucidate the changing rates of Appreciation and Depreciation?
Who will get the goods and services?
How do households dispose of their income?
I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.
Illustrate Rational Behaviour of Economic Perspective?
Who owns the factors of production and the method used to coordinate economic activity?
As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin
Illustrate the Law of supply?
Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?
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