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Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
different types of markets and role in managerial economics
write a note on marris growth maximising model?
Household This refers to all the people who live under one roof and who make or are subject to others making for them, joint financial decisions. The household decisions are a
Quality and Quantity Controls: Demand forecasting is a necessary and valuable instrument in the control of management of an organisation to provide finished goods of correct quant
Borrowing Facilities If a country's currency is not convertible, it can borrow from countries whose currencies are convertible and use the convertible currencies to make its i
What is the role of scarcity in management decisions-making
Diminishing Marginal Utility Diminishing marginal utility as well is to be held responsible for the rise in demand for a product when its price declines. When an individual pur
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Explain the limitations of managerial economics
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