QnA - Dev Library Questions and Answers

Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

State any two assumptions of the law of variable proportions.

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Latest Answer: 16 days ago
In: Commerce

Define the term 'long-run' as used in production.

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

If the total utilities of 4 and 5 units of a commodity for a consume are 56 and 60 respectively, calculate the marginal utility of 4 units of it for him. 5. State any two exceptions of the law of demand.

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

Why does a budget line slope downward?

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Latest Answer: 16 days ago
In: Commerce

State the meaning of microeconomics and macroeconomics.

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

Why is average total cost (ATC) greater than average variable cost (AVCY)?

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

What does a vertical supply curve imply?

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

What happens to total product when marginal product is zero?

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

What is a demand function?

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Asked by Kapil
Latest Answer: 16 days ago
In: Commerce

Define Service.

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