Q1. List down the factors determining the supply of a good.
Q2. Explain the concept of revenue.
Answers
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1
Answer:
Explanation:
1)price of inputs
2)availability of technology
3)weather for agricultural goods
4) tax system
Market size
Answer of Qno.2
Revenue = P*quantity
When your revenue is greater than your cost then you are earning profit and vice versa
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