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Structural Unemployment: This is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology.These changes may in turn alter
Specific Monopolist: Suppose a monopolist firm, I-Tech, pays $500,000 in short-run costs for its capital and unskilled labor. Its only short-run decision, th
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
What is Diverstification?
#question influence of an increase in migrant on market supply labour
can average labor productivity fall even though total output is rising
If the quantity demanded of Pepsi Cola goes up, and its supply enhances what will occur in the market for Pepsi?
What are the uses of elasticity’s to the public sector and private sector?
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
Question 1: The price of the good X rises from $1.30 to $1.40. Calculate the price elasticity of demand by using the mid-point method. Question 2: How do you explain the answer
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