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how does utility figure in the analysis of consumer demand
In 1939 the U.S. economy was operating where in the production possibility curve?
in aid of a diagram explain the concept of diminishing returns in production
What are the possible advantages of free trade? Firms a) Specialisation and enhanced use of comparative advantage b) Possibility of advantages of scale c) Spread
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
How might one measure differences in living standards between less developed and developed countries? This is a very wide question where any clear and relevant calculate shoul
If a large amount of skilled labor immigrated into the country, which allows the available resources to produce more of goods X and Y, which of the following will occur? A.the y-i
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
what is money? functions
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
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