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What is methodological economics? how its significance, Describe use of methodological economics...
why is normal rate of return on capital included in the total cost and what implication does it have
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter
Change in consumer and producer surplus from price controls * Observations: - The loss is equal to area B + C. - The change in surplus = (A - B) + (-A - C) = -B - C -
explain diagrammatically the bains model of limit pricing.
What is GE Matrix?
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics
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