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In mainstream microeconomics, the returns to scale faced by a firm are purely technologically imposed and are not influenced by economic decisions or by market conditions (i.e., conclusions about returns to scale are derived from the specific mathematical structure of the production function in isolation). As production scales up, companies can ...
Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...
[1] [3] [8] The marginal revenue (the increase in total revenue) is the price the firm gets on the additional unit sold, less the revenue lost by reducing the price on all other units that were sold prior to the decrease in price. Marginal revenue is the concept of a firm sacrificing the opportunity to sell the current output at a certain price ...
Information economics –branch of microeconomics that studies how information and information systems affect an economy and economic decisions. International economics – concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that ...
In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...
Unity University (Amharic: ዩኒቲ ዩኒቨርስቲ) is a private university in Ethiopia established in 1991. It was founded by Fisseha Eshetu and Mohammed Hussein Al Amoudi has been the chairman of the university.
Mekelle University (Tigrinya: መቐለ ዩኒቨርሲቲ) is a higher education and training public institution located in Mekelle, Tigray Region, Ethiopia, 783 kilometers north of Ethiopia's capital, Addis Ababa. Mekelle University is one of the largest public universities in Ethiopia.