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Martyrs Day is observed on the 30th of January each year to commemorate the assassination of Mahatma Gandhi in 1948. Gandhi, revered as the Father of the Nation in India, was instrumental in leading India to independence through non-violent civil disobedience. His death on January 30th is remembered as Martyrs Day to honor not only his sacrifice but also that of countless others who gave their lives for the nation's freedom struggle.
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
What is the saddle point for the following zero sum game?