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explain the concept economies/diseconomies of scale and minimum efficient scale
Explain how normal profit and abnormal profit differ. Normal profit (breakeven) - which must contain commentary on the inclusion of opportunity costs. Abnormal profit should be
what are the factors causing oligopoly market?
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
explain 6 factors that determine volume of production
There are two individuals in town, one is high risk and the other is low risk. 1 The probabilities of having an accident for the low risk individual and high risk individual are p
Factors Shifting Demand Curve -
Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf
what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1
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