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MRP Technique - Estimating the Level of Output for the Target Year Taking into account several parameters of economic growth such as past trends, present as well as proposed
1
List and describe the determinants of the price elasticity of demand and of supply.
For each of following production functions, comment on the ability to substitute capital for labor. Note that Q, K, and L denote output, capital, and labor respectively. A: B
The functions of money include; (1) medium of exchange, (2) store of value, and (3) a calculate of worth. Due to money is acceptable as a form of payment for all commodities,
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
two or more variable inputs
study on internet will impact on gdp
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