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when average product is decreasing, marginal product is?
cars:0,2,4,6,8 tow truck:30,27,21,12,0
Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles. Keynesian economics believes markets frequently fail and gov
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discuss how economic theory explains the optimum pattern of consumption of an individual consumer
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Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete
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A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions. Transactions happen
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