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How do economists differ from accountants in the use of the term profit ?
Definition of rev and accounting costs
a) foregone interest
b) foregone wages
c) risk premium
Problem 1: (a) Clearly distinguish between the theories of Comparative and Absolute advantage of trade (you are expected to use examples to illustrate your answer). (b) Acco
Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discri
example of an HMO with these types of set rates
1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
Banking on a Beard Award Decision trees are models which allow you to both visualize and quantify a range of possible outcomes when faced with complex choices. These models in
explain how inflation could reduce the efficiency with which prices allocate resources.
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
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you are appointed secretary of the treasury of recently indepent country called rugaria
#question.discuss the contention that the existance of a labour market is characterised by perfect competition is a fallacy.
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