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Distinguish between the terms of trade and the balance of trade.
Basic explanation of the terms of trade as the average price of exports in relation to the average price of imports - and exemplifying using some form of export and import basket. The balance of trade is explained as the total export revenue minus total import spending (in the visible trade account).
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
prove that marginal utility of x=the price of commodity x.
critically evaluate the two main utility theories
when the demand function is 2q-24+3p=0,find marginal revenue when q=3
Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o
Which firm has the greatest minimum efficient scale?
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
Estimating and Predicting Cost * Estimates of future costs can be obtained from a cost function, which relates cost of production to level of output and other variables which t
Meaning of absolute cost difference and comparative cost difference.
How to solve questions of endowments?
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