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Other Lessons for You

Methods of measuring Ep: Proportionate Method || Geometric Method || Total Outlay Method

https://youtu.be/atUAlLLptlo

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Economies And Diseconomies Of Scale

Economies of scale: Economies of scale refers to the situation where long-run average costs fall as the scale of production is increased. If all factor costs are constant, then increasing returns to scale...

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For better memory

While going through lengthy texts, always write down, alongside, on a notebook. Not only will it help you make notes and better your writing speed, it'll help you retain the content for longer.

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Pareto Efficiency: Some definitions

We need to know Pareto improvement to understand Pareto Optimality/Efficiency. Pareto Improvement If we can find a way to make some people better off without making anybody else worse off, we have a...

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Cost Concepts: The various relevant concepts of costs used in business decisions are discussed below: Opportunity Costs and Outlay Cost. Explicit and Implicit/ Imputed Cost. Historical Cost and Replacement...

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