economics10

May 19th, 2015
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1. Marginal and Incremental Principle This principle states that a decision is said to be rational and sound if given the firm’s objective of profit maximization, it leads to increase in profit, which is in either of two scenarios- • If total revenue increases more than total cost. • If total revenue declines less than total cost.

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LEGAL AND ECONOMIC ADVANTAGE OF CONDUCTING GLOBAL BUSINESSSubject: ECONOMICSSubmitted to: - Submitted by:-Dr. Vijay Kumar Vimal Adhish Prasad Roll no: - 904 Semester: - 3rd Session: - 2013-18TABLE OF CONTENTS 1. TABLE OF CASES32. AIMS & OBJECTIVE.43. HYPOTHESIS.....4 4. RESEARCH METHODOLOGY.....45. CHPTERISATIONi. INTRODUCTION..5-6ii. ESSENTIAL ELEMENTS OF CONTRACT......7-11iii. OFFER OF PROPOSAL........12-17a. HOW AN OFFER IS MADE....14b. REVOCATION OF OFFER..

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