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explain normal profits
why d block elements are called inner transition elements?
What are constant returns to scale? Constant returns to scale: A constant return to scale (CRS) implies that doubling inputs precisely double outputs, which is frequently a
What is the mathematical definition of price elasticity of demand The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change
Question: (a) Describe the two major developments which have led in the adoption of Import Substitution Industrialisation by Developing Countries in the 1940s/50s. (b) Ill
illustration for demand of big macs using indifference curve and budget line
cars:0,2,4,6,8 tow truck:30,27,21,12,0
given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
shows teh steps in unitary mehod
Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman
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