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2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
What is the arc cross elasticity of demand between Stop decay''s toothbrush and Decay fighter''s toothbrush? What does this indicate about the relationship between the two products
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
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explain diagrammatically the bains model of limit pricing.
what are the weaknes of consumer behaviour
The prevention of major swings in economic activity can be handled most easily by the
how to find least cost combination of factor inputs given the production
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
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