Economically non–viable industry
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
What happened when demand and supply curve do not intersect with each other?
Answer: The outcome is: Economically non–viable industry.
Marginal physical product: It refers to the addition build to the total product.
The market for good X consists of 2 consumers. consumer 1',s demand for good X is: X1 : 15 - 3Px + 0.5PY + .02I1I1 and I2 a
Types of market in economy: There are two kinds of market in this economy: Factor market-for Factors of Production and Product market-for goods and Services.
Break-even price: This is the price at which firms form zero normal profit.
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