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During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite
In a small rural town, 150 people would like to be employed (this is the supply of labor). In order to make profits, capitalists hire some of these workers to produce grain. Those
Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
Why demand curve is always negative and write its effects.
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what is economic model and role of assumptions in it.
define opportunity cost and how it is useful in managerial decision making?
according to Tobin 1993,examples of Keynesian unemployment includes situation where
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