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Explain about the content of factor markets and the distribution of income.
Content of factor markets and the distribution of income:
a. Factor distribution of income
b. Marginal productivity theory of income distribution
c. Wage disparities and discrimination
d. Time allocation and individual labor supply
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
note for assignment
Oligopoly and its properties
Explain the meaning of the statment "coffee and tea are close substitutes".
project work
Which firm has the greatest minimum efficient scale?
Given that TC=1000+10Q-0.9Q^2+0.04Q^3,,Find the rate of output Q that result in minimum Average variable cost
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The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T
indiffference curve
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