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(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
#question.what is the periodc clasification?.
construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
"Describe the current Australian economic situation and support your claims with relevant economic indicators and variables. The RBA has maintained the cash rate of 4.75% for the
Ask question # how do you formulate a demand and supply equations when you a table of prices, quantity demanded and supplied?
Q. What do you meant by Payroll Tax? Payroll Tax:A tax which is levied on current employment or payrolls (collected either as a fixed amount per employee or as a percentage of
What is significance of methodological economics...
what is disposable income and its importance.
Explain the how the classical school views the role of markets and government intervention in fighting business cycles The classical school believes in the smooth functioning o
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