Tag Archives | derived

6 most essential sources from which laws are derived

6 most essential sources from which laws are derived. Law, as it exists today, is derived from various sources which according to Holland are Customs, Religion, Equity, Judicial Decisions, Scientific Discussion and Legislation.

By Ankita|2011-06-24T09:43:03+00:00June 24, 2011|Articles|Comments Off

Long-run market: How long-run average cost is derived?

Long-run market: How long-run average cost is derived? In the long period a firm can expand his plants and equipments to increase the supply of output to the increased demand. In this period a firm can vary all its inputs. The division of factors into fixed and variable disappears in the long run.

By Varun|2011-06-17T17:45:21+00:00June 17, 2011|Economics|Comments Off