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Using the Wage Rate and Output per Hour as indicated on the table below, calculate the output per dollar wage and unit labor cost. Then decide on the optimal wage rate for this c
Name the two actors in the basic neoclassical (or traditional microeconomic) model of economics, and identify the assumptions the model makes of these two actors. Firms and hou
What is indifference curve and its properties?
A portion of the demand schedule for wax candles (per case) is shown below. Px $50 $30 $10 Qx 500 600 700 What is the demand curve (straight line) that corresponds to the schedu
Exchange Rate Policy: After the second amendment to the Articles of Agreement of IMF which came into effect on April 1, 1978, every member is free to choose its own exchange r
analyse the rise and fall in the price under market equillibrium situation?
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
impact of computer technology on nigerian economy
Suppose we divide Canada into three regions; the west, the centre and the each
The price of oil increases because OPEC reduces oil production
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