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Q. Example on Changes in fixed costs and profit maximisation? What if arena owner in the illustration above triples the fee for the subsequent concert but all other factors are
Where does the firm Operate? The firm will avoid stages I, II and III and will instead choose stage II. It will avoid stage I because this shall involve using the fixed facto
what are the examples of the types of elasticity (price,income & cross elaticity
PROPORTIONAL TAX Is where whatever the size of income, the same rate or same percentage is charged. Examples are commodity taxes like customs, excise duties and sales tax.
The Basis of Wage Claims The union's demand for higher wages is normally based on one or more of the following four arguments: 1. The cost of living argument This is
Assignment
who are the contributors in economics and what they contribute in economics
show how scarcity and opportunity cost are useful in decisionmaking
the table shows gasoline rates in US
discuss the validity in zimbabwe of the grounds on which the profit maximising model of the firm has been defended
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