Wednesday, June 30, 2021

Equilibrium of a firm

 Link to the Lecture notes

Cost Minimisation | Problem & Solution 1

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Profit Maximisation | Problem & Solution 2

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Profit maximisation | Problem & Solution 1

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Additional Problems on Application of Simple & Partial Derivatives

 Problem and Solution 1

 Problem and Solution 2

Finding the Price Elasticity of Demand (Using Simple Derivatives)

 Problem and Solution 1

 Problem and Solution 2

Finding the Marginal and Average Functions of a function with more than one independent variables (Using Partial Derivatives)

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Finding the Marginal and Average Functions of a function with one independent variable (Using Simple Derivatives)

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Disturbance term/Error term

The disturbance term, also commonly referred to as the error term, plays a crucial role in statistical modeling, particularly in regression ...