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Problem 1:
All economies of the world can be said to be ‘mixed', to a greater or lesser degree, in that there is no economy where there is no state activity and no economy where the market has no role at all.
In light of the above statement, why do most countries choose to operate a mixed economy rather than a command or a market economy?
Problem 2:
a) Distinguish among price elasticity, income elasticity and cross elasticity of demand.
b) Discuss how knowledge of price elasticity, income elasticity, and cross elasticity might be of practical use to the owner of a supermarket.
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Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
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How does economic theory contribute to managerial decisions?
WHAT ARE THE FORMS OF COST FUNCTIONS?
find out the characterstics of national stock exchange
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