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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
State the distinction between explicit cost and implicit cost. Give one example of each of them.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
Explain the law of supply with the help of a supply schedule.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
Explain briefly any four factors affecting supply of a commodity.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
State any two assumptions of the law of variable proportions.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
Define the term 'long-run' as used in production.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
State the meaning of microeconomics and macroeconomics.
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- Asked by Kapil
- Latest Answer: 27 days ago
- In: Commerce
Why is average total cost (ATC) greater than average variable cost (AVCY)?
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