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Suppose Nigeria has 20 million workers and 16 million units of capital, while Botswana has 5 million workers and 3.5 million units of capital. Which of the following statements is
Assume a market with demand Q = 16p^(--2) that is supplied by a monopoly with costs C(Q) = 6 + Q2/8. 1. Calculate the equilibrium price, output and monopoly profits. 2. What
Determine about the gross domestic product Growth By (nominal) GDP-growth we mean % change in (nominal) GDP over a particular period of time. Real GDP growth is stated as perce
A scientist has been studying the organisms colonising the pilings underneath a wharf in Sydney Harbour. He postulates two factors might make these communities of sponges, worms, a
what is meant by diminishing scale output
the central economic problem facing the group of survivors
Explain the meaning of a production possibilities curve
The government in the cross model Net taxes NT(Y) depends positively on real GDP in the cross model In this model when national income increase
Explain a circular flow of income in a frugal econmomy with diagram
A radiology firm charges $2,000 per exam. Uninsured patients are expected to pay list price. How much do they pay?
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