Q. Elucidate how much should Joseph's income increase to compensate for the rise in the prices of roses?
Q. Which investment produces a $5 hourly profit for a candy shop earning $1 profit every pound of candy?
Q. Illustrate what type of demand curve does a perfectly competitive industry face? Why?
(Long-Run Organization Supply) Why does the long-run organization supply curve for an increase-cost organization slope upward? Illustrate what causes the increasing cost in an increasing-cost organization?
Q. why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource employment