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Q. Controlover Supply of Inputs - sources of monopoly?
Furthermore, a monopoly situation may arise because of control over the supply of an essential input -skilled labour, raw materials, and technology used-denying access to these inputs to any possible firm. Monopolies may be protected by a protectionist policy of the government by putting tariffs on foreign goods.
Macro-economic policy objectives The major macro-economic policy objectives which the governments strive to achieve are: i. Full employment One of the main objectives
WHAT ARE THE PRINCIPLES OF MANGERIAL ECONOMICS
Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next five years at 10% interest. stion..
We can analyse the equilibrium of a firm under Perfect Competition in both the long run as well as in the short-run. SHORT RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION
Opportunity cost is cost of a different that must be forgone in order to pursue a definite action. Put another way, the advantages you could have received by taking an alternative
EFFICIENCY-WAGE THEORIES OF UNEMPLOYMENT Efficiency wage theories are clearly non-Walrasian theories in as much as they postulate payment of wages that are higher than m
p=10, TC= 1000+2Q+.01Q^2, Q=?
classification of costs
Write the forecasting techniques There are many forecasting techniques available to person assisting the business in planning its sales. Take for instance a forecasting metho
The Social Cost of Unemployment i. For the individual, there is the demoralizing effect which can be devastating particularly when they are old. This is because as some
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