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explain budget line?
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat
Direction of Trade: It is indicative of the structure and level of economic development. As a country develops and its trade gets diversified, it has to seek new outlets for i
find the highest premium find the actuarialy fair premium
Problem 1: Health insurance leads to health promotion. Using diagrams, describe the impact of health insurance on the demand for health care. (a) Distinguish between negati
How is the foreign exchange rate determined
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
how does utility figure in the analysis of consumer demand
With the aid of a diagram explain the long run average cost curve and the influences upon it.
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