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Features of this system The mixed economy includes elements of both market and planned economies. The government operates and controls the public sector, which typically cons
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
Marginal utility approach The downward sloping nature of the demand curve can be explained by using the law of diminishing marginal utility . For instance, consider a consum
You have recently gained employment with a computer consultancy company. Due to your specialist knowledge in the areas of Human Factors and usability, your manager considers that y
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
ECONOMIC EFFECTS OF TAXATION a. A deterrent to work Heavy direct taxation, especially when closely linked to current earnings, can act as a serious check to production
What are the tools of factor markets and the distribution of income? Tools of factor markets and the distribution of income: a. Factor distribution of income b. Marginal
Fixed costs are those that are independent of output. They should be paid even if firm produces no output. They wouldn't change even if output changes. They remain fixed whether ou
What are the limitations of managerial economics
find out the characterstics of national stock exchange
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