why is the short-run average cost curve U- shaped ?
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
rectangular hyperbola means??
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
Why does a producer prefers 2nd stage of production?
Explain why TVC curve is inverse S-shaped curve?
what is the meaning of articles of social distinction , which are the exceptions to the law of supply?
what is production function??what are its characteristics?????
explain conditions of producer's equilibrium with the help of a diagram
depreciation is implicit or explicit cost?give reason
what is the behaviour of total variable cost as output increases?
Relationship between AP and TP.
why is the short-run average cost curve U- shaped ?
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
1. Price of the given commodity.
2. Expected utility from each successive unit.
To determine the equilibrium point, consumer compare the price of the given commodity with its utility. Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity.
Consumer Equilibrium in case of Single Commodity.
rectangular hyperbola means??
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
Why does a producer prefers 2nd stage of production?
Explain why TVC curve is inverse S-shaped curve?
what is the meaning of articles of social distinction , which are the exceptions to the law of supply?
what is production function??what are its characteristics?????
explain conditions of producer's equilibrium with the help of a diagram
depreciation is implicit or explicit cost?give reason
what is the behaviour of total variable cost as output increases?
Relationship between AP and TP.