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1. Isoquants are negatively sloped because if the quantity of factor 1 used in production is decreased then the quantity of the other factor must be increased to produce the s
FIXED EXCHANGE RATE SYSTEM: National currencies are generally acceptable within the geographical boundaries of a country. As such, trade between countries typically involves
how the equilibrium output and price is determined in williamson model of managerial discretion?
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
Purchasing power parity: When PPP holds, the domestic currency has the same purchasing power at home and in any other country. PPP also implies that a foreign currency will de
explain and illustrate the changing demand for big mac using indefference curve and budget line
under which market structure does the banking sector fall?
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
the difference between an lc3 and other types of businesses is that
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