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explain 6 factors that determine volume of production
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
Illustrates the key terms of excise tax? Terms of excise tax: a. Tax incidence • Who bears the load of the tax? b. Excess burden or Deadweight loss • Taxes inflict
"price makers" never want to produce in the inelastic part of their demand curve why
ppc shows microeconomics
Is it possible for a firm to experience a technological change that would increase the marginal product of labor while leaving the average product of labor unchanged?
Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
What is pigovian welfare economics
Functions
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