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Problem 1:
(a) Differentiate between positive and negative externalities? Justify your answer using examples.
(b) To what extent do government policies influence externality?
Problem 2:
(a) Explain how in economic theory a perfectly competitive firm determines price and output in the long run.
(b) ‘A monopolist is inefficient as compared to a perfectly competitive firm'. Discuss.
Explain the meaning of the statement "coffee and tea are close substitutes".
graphical illustrations describing the influence of an increase in immigrants on the market supply of labour
what is ratios GNP? what is use of models in macroeconomics?
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
what the contenporary issues in micro economics in nigeria
what is le''chatliers principle?
price effect
V alue Additivity In an efficient market the value of any 2 assets can be estimated as the sum of the values of the two individual assets. This is a variation on the theme
study on internet will impact on gdp
Q. Define Migration in Microeconomics? Migration:It's the movement of human beings from one country or region to another. Sometimes migration is motivated by economic factors (
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