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Ajax has the following short run cost curve when tc=800000-5000Q+100Q2
Stable and Unstable Equilibrium An equilibrium is said to be stable equilibrium when economic forces tend to push the market towards it. In other words, any divergence from t
Assignment about law of variable proportion
define scarcity and opportunity cost.Show how these concept are useful in managerial decision making
POPULATION SIZE AND DEMOGRAPHIC TRENDS a. Changes in Population The people of a country are its consumers. They provide the labour force for production. A study of
Fundamental of managerial economic
Harrod Domar Theory A basic principle that has been stressed by both Harrod and Domar in their growth models and which has been incorporated in all modern growth theories is th
Causes of the Nigeria recession
b) Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.
Advantages of the Mixed Economy Necessary services are provided in a true market economy, services which were not able to make profit would not be provided. Incentive: Sin
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