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If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
what is demand forecasting and defines its techniques
Why is the concept of scarcity relevant to both LDC s and MDC s? All societies throughout time have wrestled with the basic economic conundrum of having needs that cannot be me
What is law of demand
explain 6 factors that determine volume of production
define economics in plural sense. .
A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen
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