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List of major emerging-market economies
To determine if the UK is to benefit from growth of emerging-market economies in the future, it should start exporting goods and specifically services to these countries in greater volumes. Though this is much easier said than done and is dependent on a supply-side led reform of methods of production in UK. Yet British service sector is the home to a number of the best service sector firms in the world. Also the UK possesses some extremely competitive niche manufacturing companies. Though if the UK economy is to produce jobs and export more to EMEs in the future it is required to ensure that it sets up trade links quickly with the major emerging-market economies and fend off competition from other EU countries, Japan and USA.
Suppose you belong to a tennis club that has a monthly fee of $75 and a charge of $5 per hour to play tennis.
x=40-0.2p where x=x1+x2 c1=50+2x1+0.5x1 c2=100+10x2
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