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Inductive effect
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
a) Describe and derive the equilibrium contract offered to high risk individuals. b) Describe and derive the equilibrium contract offe
what is the relevance of microeconomic analysis in contemporary Nigerian economy
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
alternative theories of trade
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
Explain the meaning of the statement "coffee and tea are close substitutes".
firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag
Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,
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