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Keynesian unemployment
According to Keynesian theory of income and employment, unemployment occurs due to lack of effective demand. If effective demand is less, production of goods and services will fall which will further result in the unemployment of labour. Another feature of Keynesian unemployment is that unemployment of labour is associated with unemployed capital such as plant and machinery which tend to be idle during depression.
Explain in brief the relationship between TR,AR and MR under perfect market condition.
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determine points in units and reorder quantity normal sales=2 month; reorder time=15days; max stock=6 units; safety stock=1 unit ( based on 95% customer''s satisfaction )
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Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
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