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Consider a non-renewable resource. There are two periods, now and later. The demand curve in each period (t = 1, 2) is Qt = 10 - Pt. The stock of the resource is 10 units. Extracti
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
what is supply and demand
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos
Managerial theories of the firms
why is the point outside the production possibility curve(PPC)called unttianable
Economic Cycle The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indica
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