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Problem 1:
i) It has often been argued that a monopoly has both costs and benefits. Discuss.
ii) Explain, using diagram the short and long equilibrium positions of a monopoly firm.
iii) Using examples, explain how a monopoly imposes barriers to prevent competition.
Problem 2:
i) Explain the concept of circular flow of income.
ii) Comment on the view that ‘GDP is not the best measure to evaluate economic growth and standard of living. Real GDP per capita is a better measure'.
iii) What is economic growth? Identify and comment briefly on the possible contributors to economic growth.
national income and what is used to measure it
explain the relationship between scarcity,choice and opportunity cost
Identify path of growth and development to economic maturity.
2ALBr3+3K2so4--->6KBr+1Al2(so4)3
derive demand equation
Is Indian companies running a risk by not giving attention to cost cutting? 2. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability. 3. Dis
Manpower-Population Ratios In this technique, manpower will not be planned for the economy as a whole. It will be planned for sectors or sub-sectors of an economy. For instanc
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
Functions of the ADB: ADB finances principally specific projects in the region. It may make loans to or invest in the projects concerned. It may also guarantee loans granted t
Is there any relation between inflation and unemployment? The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun
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