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explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
limitations
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
what is pure competition markets?
Elasticity of Market Supply • Perfectly inelastic short run supply arises when industry's plant and equipment are so fully utilized that new plants should be built to ac
Evaluation of the WTO: The WTO is different from and an improvement over the GATT in the following respects: • The WTO is more global in its membership. • The WTO ha
Determine the industrial core of world economy The industrial core of world economy saw its level of material productivity and standards of living explode in the 19th and 20th
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
How might a firm in an oligopolistic market attempt to increase market share? Explanation of oligopoly; concentration ratio, producer sovereignty Explanation that oligopolie
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