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what is the relevance of microeconomic analysis in contemporary Nigerian economy
when total production fall what,s the status of average product and marginal product
Is it possible for a firm to be both Price taker and price maker? A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar
What is contraction of supply?
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
How might one measure differences in living standards between less developed and developed countries? This is a very wide question where any clear and relevant calculate shoul
Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
what is the theory of supply
Solve equation P=200-Qs and Qs=4.5p +5
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