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Consider the following information relating to the pulp market. Demand Supply Output(tonnes/ da
how does economics bridge the gap between economic teory and practise
explain bains model of limit pricing
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
In November 2010, every Mzumbe University student had an income of 150000/= per month,facing the price of meal (X) 1000/= and average price of other goods (Y) 1000/=.The initial ut
Selecting Output in Short Run * We will combine production and cost analysis with demand to determine output and profitability. A Competitive Firm Making Positive Profit
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How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
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