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This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
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how to calculate it given a functuion
prove that marginal utility of x=the price of commodity x.
Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector
a) Describe and derive the equilibrium contract offered to high risk individuals. b) Describe and derive the equilibrium contract offe
how to calculate the volume of exports? or what is the definition?
With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of
Explain how the price system eliminates a shortage. A deficiency means that quantity demanded is greater as compared to quantity supplied. This will lead to upward pressure on pr
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