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define law of demand
1) Lynne's income is £2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1/8. If this happens, she will be sued for £1, 000 and will have to pay th
Managerial theories of the firms
Problem : (a) With reference to the characteristics of market structure, explain why the market for powdered milk in Mauritius is an appropriate example of monopolistic compet
static & dynamic multiplier of keynision theory
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
Explain the detail central problem of an economy?
The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d
what is the value in 10 years of 1 million dollars if interes rates are 4%?
what are the sources of monopoly power
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