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how can a community having water shortages issues be resolved using marginal utility and consumer behaviour
Problem 1: (a) Clearly distinguish between the theories of Comparative and Absolute advantage of trade (you are expected to use examples to illustrate your answer). (b) Acco
Managerial economics bridges the gap between economic theory and practice
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
What are state approaches to developing? The government supposes responsibility for economic planning to attain the best possible utilize of scarce resources. An economic plan
What happens during a business cycle of economy, and what can be done about it? Business cycle of economy: a. The consequences of recessions and expansions onto unemploymen
Consider the following four CP investors: Series A: $5m FV (and 2X liquidation preference) or converts to 5m shares; Series B: $10m FV or converts to 8m shares; Series C:
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
How has the definition of diversity changed over time? Can a diverse workforce help a company compete more effectively? How?
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
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