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explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
according to Tobin 1993,examples of Keynesian unemployment includes situation where
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
What is the difference between a change in demand and a change the quantity demanded? There is a distinction among demand and quantity demanded. Demand explains the behavior o
Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma
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Problem: a) What factors would you consider when analysing the digital economy relative to e business? b) "The growing use of the internet by consumers and businesses has re
what is the indirect utility/
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