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Question 1: (a) Explain, giving examples, the law of diminishing returns, clearly bringing out the relationship between cost curves and product curves in the short run. (
Situation: Only a few astute operatives say the crash in real estate prices as the USA entered the summer of 2007. You were one of the few that appreciated that real estate price
Analyse the effectiveness of market approaches into promoting development. Assessing the effectiveness of some system, planned, market or mixed depends onto the choice of displ
The average amount of debt families have is 2.5 times their annual income with a standard deviation 0.75 times their annual income. How much debt does a family have to have (relati
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
Can economies grow of less developed countries by developing its secondary sector? Economies grow of less developed countries by developing its secondary sector because manufac
QUESTION 1 (a) Compare and contrast the main theories of a demand for money. (b) Specify a money demand function for a small island economy like Mauritius. QUESTION 2
Explain foreign direct investment: 1. Identify and briefly explain three costs of foreign direct investment (FDI) for a country such as China (the home country) and two benef
What is the main danger in placing countries together in the same grouping? It is useful to classify countries by groupings for identification of common problems and policy pu
MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
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