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a) A change in demand means that:
b) On the production-possibilities drawing, unemployment is represented by:
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the caseabove.
define scarcity and opportunity cost.Show how these concept are useful in managerial decision making
what is objective
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
a) What do you understand by equilibrium National Income and to what extent is economic growth beneficial to an economy? b) Explain using both diagrams and mathematical tools,
The fez is the typical Arabic hat in the shape of a short red cylinder. Historians believe it was manufactured in the city of Fes, in Morocco, during the 17 th century. It has be
Q. Explain about Regression analysis? Regression analysis is the statistical technique which identifies the relationship between two or more quantitative variables: a dependent
factors affecting demand forecasting
Laws of returns to scale alludes to the long-run analysis of the laws of production. In the long run, output can be increased by varying all factors. So in this section we study th
You own a pharmaceutical company that is specialized in the manufacture of medicine for smokers. You newly patented an innovative drug called Clealung, which drastically reduces th
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