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Things like housing and autos tend to be affected by changes in interest rates due to financing is typically needed to make such purchases. If financing becomes more costly due to
For the special case when firms are price takers, what is the relation between total revenue, average revenue, marginal revenue and price?
QUESTION (a) What are the main types of unemployment? (b) Mauritius has been facing an alarming rate of unemployment during the last 5 years (i) What reasons could explai
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
Is ownership of change important for development? Successful polices depend onto countries owning the process. When the economic reforms required for development are considere
The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d
Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs. A. Derive every fir
The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
you are appointed secretary of the treasury of recently indepent country called rugaria
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