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Supply and demand for a given type of MP3 player are given by the following equations: P=980-1.5Qd P=20+0.9Qs
Question: i) Explain the main problems with government intervention. ii) Why and how do governments seek to control monopolies? iii) A country should specialise in the pr
impact of computer technology on nigerian economy
Question 1: a. What is the supposed rationale for subsidising higher education in various developing countries? b. Do you think there is a legitimate rationale to the abov
the diagram used to illustrate abnormal and normal progits
why the PPC curve slopes downward?
Nations trade what they produce in excess of their own consumption to:
Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy
What are the properties of compensared demand function
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
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