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What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
Determine the Business Cycle and Classical Economists Business Cycle: The business cycle is the fluctuations in the rate of economic growth that take place in the economy. Th
explain the marginal produtivity theory
1. Ayanna grows herbs. Last year she grew 2,000 pounds of herbs in a year while using 250 square feet of land and 1 worker. This year she doubled her land to 500 square feet, doubl
Variability - The extent to which the possible outcomes of uncertain event may vary * Variability: A Scenario - Assume that you are choosing between two part time sales
how can draw the table and diagram of production function function with one veriable
Two firms, A and B, are planning to bid for a contract of Motorway extension in Mauritius. Suppose: (1) firm B is a newly established company and has already incurred a st
RECENT DEVELOPMENT IN DEMAND ANALYSIS: For many years economic theorists analysed the optimal behaviour of consumers while econometricians estimated consumer demand and expend
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
consumer=m with the help of indifference curve analyis
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