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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Suppose that the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9. If the price of milk rises by
Analysis of unemployment in relation to economics
In Home and Foreign there are 2 factors of production, land & labor, used to produce only one good. The land supply in every country and the technology of production are exactly th
Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of labour, price of unit is RM24 & wages og each lanour rm12. the company constraint by it budget rm 1500 per time period. a) co
National Income National Income is a measure of the money value of goods and services becoming available to a nation from economic activities. It can also be defined as the to
b) Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.
Actual income and Full employment income Full employment income (Also called Potential National) is the national income that could be produced when the country's factors of pr
Explain trend projection method of demand forecasting with illustration.
what is the uses of production functns?
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