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Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
What is main difference between capital intensive goods and primary products? Primary product means the major product in which the firm is dealing. Capital intensive good mea
Questions (i) You are an industry analyst. Last year, the production cost of Microprocessor increased remarkably due to labor unionization. Nevertheless, the industry experie
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
what is equilibrium
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
How Airlines solve the perishability of unsold seats and what they do to their prices as the seats get close to perish?
how advertisement affects the sales revenue of a firm ?
2) Proctor & Gamble (P&G)
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