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use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes the principle's expected profits from his business]. There a
meaning of economics laws
Division of labour: Division of labour involves dividing a production process into a number of smaller tasks for each task to be undertaken by a different worker. It may also be
a) An enhances in the quantity demanded of a good can happen because consumers expect the price of that good to enhance in the near future. b) A price ceiling imposed above the
What is the theory of absolute and comparative advantage?
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
Monica consumes only goods A and B. Suppose that her marginal uility from consuming good A is equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of
how do oligopolistic market and monopolistic competition react to change in demand and supply ?
Suppose that the following equation characterizes the demand for primary education in a developing country X: Q = 100 – 2P Where Q is quantity demanded in years of schooling and
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