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hoe does the knowledge of price elasticity of demand important to the government
A surplus on the current account of balance of payments can be financed by? 1. Inflow capital on capital account 2. A surplus on the government budget deficit 3. lending abroad on
what is pooling equilibrium
Price elasticity of supply – Computes the percentage change in quantity supplied resulting from a 1 percent variation in price. – The elasticity is usually positive as price
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
Determine the value of the marginal product of labor. Equilibrium in the Labor Market Each firm will hire labor up to the point at that the value of the marginal product of
describe returns to scale and give examples of each.
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
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derivation of demand funcation using indifferance curv ordelreay and competed demand curv
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