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Why Average Revenue= Marginal Revenue
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
#questions..
What is Economics? Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h
what is ratios GNP? what is use of models in macroeconomics?
Question: You are required to perform an economic feasibility study for a project involving the setting up of an information system in a company. The table below summarises th
explain monotanic
2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
What is law of demand
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