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why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
Problem 1: How can a manager of a supermarket maximise total revenue using various concepts of elasticity of demand? Use examples to illustrate. Problem 2: What are the
Explicit cost: Explicit costs are payments made by the firm when it purchases or hires factors of production for the production of goods and services. They are also referred t
what are some of recent development in theory of demand
consumer equilibrium by indiffrence curve approach
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
What is meant by dumping? Dumping is when a producing country dumps goods on foreign markets at a price lower than either the price on the home market or below the cost (HL: ma
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
If a large amount of skilled labor immigrated into the country, which allows the available resources to produce more of goods X and Y, which of the following will occur? A.the y-i
Using tools of indifference curve, highlight on consumption in business economics.
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