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Functions of the IFC: The purpose of the IFC is to further economic development by encouraging growth of private enterprise in member-countries. The IFC, therefore: • inv
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
calculate demand function is Q=100-P, where Q is quantity demand and P is price
implications of varios market structure for price determination
different types of production funtion and curve given by different economist
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
the meaning of supply
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
What is elasticity of supply
Borrowings: The widening fiscal gap led to a steep rise in the outstanding liabilities of the Central Government. The outstanding domestic debt of the Central Government as a
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