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Modem theories of trade
an introduction to cross elasticity of demand?
short run equilibrium of the industry
a) Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20
what is the definition of economic system?
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how advertisement affects the sales revenue of a firm ?
Problem 1: i) It has often been argued that a monopoly has both costs and benefits. Discuss. ii) Explain, using diagram the short and long equilibrium positions of a monopo
1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly
discuss how cross of demand is useful in categorizing commodities
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