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This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
Could I have examples of syndicated and organized oligopolies with companies as examples
"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Expla
Deviation in graph
Clearly explain the distinction between supply, demand and equilibrium price.
use a graphical illustration to briefly describe what the influence of an increase in immigrants would be on the market supply of labour
1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages pai
Relatiön between TC ,TFC and TVC
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