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Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capital equipment). Its calculation is: revenue - cost = profit.
Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.
Determine the Cross Elasticity of Demand Measures the responsiveness of demand for good A to a given change in the price of good B. It is an significant piece of information to
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq
how to differentiate the exeptional demand and exceptional supply?
A 5-years Rs.100 debenture of a firm can be sold for a net price of Rs. 96.50. The coupon rate of interest is 14 per cent per annum, and the debenture will be redeemed at 5 per cen
discuss the term of price mechanism,give examples to elaborate the concept clearly
what is the theory of second best? prove the theorem with the help of a diagram.
Why some country saving less and consumption more?
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