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explain the nature and scope of economics.
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
equilibrium price and output.
Variability - The extent to which the possible outcomes of uncertain event may vary * Variability: A Scenario - Assume that you are choosing between two part time sales
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
"price makers" never want to produce in the inelastic part of their demand curve why
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
Critically examine recent developments in demand theoryon #Minimum 100 words accepted#
Explain the micro and macro economic issues that can be represented on the PPC
Unemployment: Individuals who want to be employed, and are actively seeking work, but can't find a job, are considered ‘officially' unemployed. Individuals who aren't working, but
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