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explain the various marginal uses and limitations of break even poin?
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
Types of externalities
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
assumption of mariss model
A country s choice among the production of education and nuclear submarines is an issue of opportunity cost. Explain the issue using a PPF. Resources are limited whereas
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
is south african economic system more allocative efficient?
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