It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better tecRead more
It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better technology and better managerial skill.
How efficiency may increase if two firms merge?
It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better tecRead more
It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better technology and better managerial skill.
See lessWhich of the following is correct?
This Third option is correct one. (iii) MC curve cuts AVC at its minimum point
This Third option is correct one.
(iii) MC curve cuts AVC at its minimum point
See lessProduction function is an expression of __________ relationship between inputs and output?
I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.
I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.
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