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QUESTION (a) Explain the Law of demand and the factors affecting demand for a product or service. (b) Explain and illustrate diagrammatically how the market demand for a pro
critically evaluate the two main utility theories
Why are many economists opposed to licensure of medical facilities and personnel?
What are the characteristics of the informal sector? The characteristics of the informal sector comprise: • working for yourself quite than an employer, • Small scale ent
optimal use of variable input
Task You work for a government of a European country that is considering making admission to museums of your country free to make them available to everybody. You have deci
GDp of World?
Problem: i) Evaluate the following statement: "The First Theorem of Welfare Economics states that as long as producers and consumers act as perfect competitors and there ar
Question: a) Distinguish between the orthodox and the heterodox perspectives for implementing Intellectual Property Rights (IPRs). b) Patenting has been subject to much co
MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
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