what are the four basic limitations of utility analysis?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
'Money is what money does'. Explain.
A firm is producing 20 units. At this level of output ,the ATC and AVC are respectively equal to Rs.40 and Rs.37. Find out the total fixed cost of the firm.
distinguish between tax revenue and non-tax revenue
why is the short-run average cost curve U- shaped ?
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