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Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
types of market competitions
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
Ask questiowhat are the importance of the branches of economics
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
Features of bureaucracy: Impersonal Order: The authority is inherent in the post and not the individual who performs the official role. An official is supposed to have a det
brief explain of keynesian consumption theory
Is Nigeria''s census accurate?
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