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Supply function given by equation QS = 3P - 50. Write an equation proposals if: a) Government introduces subsidies of 5 $ per unit; b) the government introduced subsidies of 15%
describe returns to scale and give examples of each.
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
Question: (a) With the help of diagrams, explain how the price and quantity demanded or supplied of fuel will change under the different scenarios: (i) Consumers expect a fu
ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con
the general characterictics of economic models,its limitations and verification
Ask q3x+5=20 uestion #Minimum 100 words accepted#
to what extent does Marginal revenue productivity theory explain wage determination in Zimbabwe
If demand goes down what happens to the equilibrium?
what is direct utility in micro economics?
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